CESTAT Reduces Excessive Redemption fine Imposed for Confiscation of Goods on ground of 100% Examination of Imported Goods [Read Order]

CESTAT Reduces Excessive Redemption fine Imposed - CESTAT -Redemption fine Imposed - Confiscation of Goods - Examination of Imported Goods - taxscan

The Chennai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) reduced the excessive redemption fine and penalty imposed for confiscation of goods on the ground of 100% examination of imported goods.  Kamachi Steels Ltd, the appellant assessee imported goods viz. steel scrap and the Pre-shipment Inspection Certificate submitted was issued by the Branch…

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