![Penalty and Redemption Fine Cannot be Imposed When Bill of Entry has been Finally assessed at Declared Value: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Penalty-and-Redemption-Fine-Penalty-Redemption-Fine-Bill-of-Entry-Declared-Value-CESTAT-Penalty-and-Redemption-Fine-Cannot-be-Imposed-Taxscan.jpg "Penalty and Redemption Fine Cannot be Imposed When Bill of Entry has been Finally assessed at Declared Value: CESTAT [Read Order]")
Penalty and Redemption Fine Cannot be Imposed When Bill of Entry has been Finally assessed at Declared Value: CESTAT [Read Order]
The Mumbai bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that penalty and redemption fines cannot be imposed...
![Redemption Fine imposed Without Market Inquiry: CESTAT reduces Redemption of Fine to 4 Lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Redemption-Fine-Market-Inquiry-Inquiry-Market-Redemption-Fine-imposed-Without-Market-Inquiry-CESTAT-Redemption-CESTAT-reduces-Redemption-of-Fine-Taxscan.jpg "Redemption Fine imposed Without Market Inquiry: CESTAT reduces Redemption of Fine to 4 Lakhs [Read Order]")
![Redemption fine of 10% and penalty of 5% of value of imported goods is appropriate for imports violating Exim Policy Provisions: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Redemption-fine-penalty-imported-goods-Exim-Policy-CESTAT-Customs-Excise-Service-Tax-imports-fine-value-of-imported-goods-taxscan-.jpg "Redemption fine of 10% and penalty of 5% of value of imported goods is appropriate for imports violating Exim Policy Provisions: CESTAT [Read Order]")
![PSI Certificate furnished as per Appendix 28 of FTP: CESTAT sets aside demand of Redemption Fine [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/PSI-Certificate-Appendix-FTP-CESTAT-demand-Redemption-Fine-taxscan.jpg "PSI Certificate furnished as per Appendix 28 of FTP: CESTAT sets aside demand of Redemption Fine [Read Order]")
![Goods held liable for confiscation, may be released on payment of redemption fine after adjudication: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Goods-confiscation-payment-redemption-fine-adjudication-CESTAT-taxscan.jpg "Goods held liable for confiscation, may be released on payment of redemption fine after adjudication: CESTAT [Read Order]")
Wrongly claimed benefit under MEIS without aware of Foreign Origin of Goods: CESTAT reduces Redemption Fine [Read Order]
The Ahmedabad bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) reduces redemption fines when an assessee wrongly claimed benefit under MEIS without being aware of the...
![Wrongly claimed benefit under MEIS without aware of Foreign Origin of Goods: CESTAT reduces Redemption Fine [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/MEIS-Foreign-Origin-of-Goods-CESTAT-Redemption-Fine-Fine-taxscan-1.jpg "Wrongly claimed benefit under MEIS without aware of Foreign Origin of Goods: CESTAT reduces Redemption Fine [Read Order]")
![No Finality on Classification of Goods: CESTAT reduces Redemption Fine and Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/CESTAT-Redemption-Fine-Penalty-taxscan.jpg "No Finality on Classification of Goods: CESTAT reduces Redemption Fine and Penalty [Read Order]")
Madras HC permits Provisional Release of Cargo as directing Importer to Furnish Cash Security towards Redemption Fine, Penalty would be harsh [Read Judgment]
The Madurai Bench of the Madras High Court permitted provisional release of cargo as directing Importer to furnish Cash Security towards redemption fine, penalty would be harsh as the show-cause...
![Madras HC permits Provisional Release of Cargo as directing Importer to Furnish Cash Security towards Redemption Fine, Penalty would be harsh [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/07/Madras-High-Court-provisional-release-of-cargo-Cash-Security-penalty-Taxscan.jpeg "Madras HC permits Provisional Release of Cargo as directing Importer to Furnish Cash Security towards Redemption Fine, Penalty would be harsh [Read Judgment]")
CESTAT erred in releasing Canadian Green Peas on payment of redemption fine: Kerala High Court [Read Judgment]
The Kerala High Court held that the CESTAT erred in releasing Canadian Green Peas on payment of redemption fine. The importer before actual grant of license imported goods and filed a Bill of...
![CESTAT erred in releasing Canadian Green Peas on payment of redemption fine: Kerala High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/01/CESTAT-Canadian-Green-Peas-payment-of-redemption-fine-Kerala-High-Court-Taxscan.jpg "CESTAT erred in releasing Canadian Green Peas on payment of redemption fine: Kerala High Court [Read Judgment]")
![Redemption Fine not allowable as Business Expenditure: Bombay High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2019/03/Redemption-Fine-Bombay-High-Court-Taxscan.jpg "Redemption Fine not allowable as Business Expenditure: Bombay High Court [Read Judgment]")
Redemption Fine and Penalty exceeding 10% and 5% of Value of Goods is not Permissible: CESTAT Bangalore [Read Order]
While disposing 17 appeals together by a common order, the CESTAT Bangalore, recently held that imposition of redemption fine and penalty cannot exceed 10% and 5% the value of imported goods. The...
