CESTAT Reduces High-Pitched Redemption Fine against Goods Confiscated u/s 111(d) of Customs Act [Read Order]

The Tribunal observed that the fines were excessive considering the nature of the violation.
By Varda Marakkar - On November 2, 2024 4:06 pm - 2 mins read
CESTAT - CESTAT Allahabad - CESTAT Reduces - High-Pitched Redemption - Fine - Goods Confiscated - Section 111(d) of the Customs Act - Customs Act - taxscan

Recently in a judgment,  the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) of Allahabad reduced the high-pitched redemption fine imposed on an assessee, Tinna Rubber & Infrastructure Ltd., against goods confiscated under Section 111(d) of the Customs Act. The assessee, Tinna Rubber, imported two consignments of used and cut tyres, designated for recycling, to…

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