Quantum of redemption fine and penalty - import of used digital ...
Tribunal Reduces Fine and Penalty on Misdeclared Imported Machines Due to Time Lapse and Precedent Case.
February 6, 2024
Case Laws Customs AT
Quantum of redemption fine and penalty - import of used digital multifunction machines - mis-declaration of value of goods - Considering the fact that the Department has also accepted the same in the case of M/s. Accord Digitech v. C.C., Bangalore, the tribunal held that in the interest of justice since 6 years have already been lapsed, the present appeal is partially allowed by reducing the redemption fine and penalty by 10% and 5% respectively of the enhanced value.
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