Delay of Consignment Due to Non-Availability of Vessel: CESTAT directs to Reduce Redemption Fine [Read Order]

The Tribunal directed the Commissioner to reduce the redemption fine under the Customs Act, 1962 as the delay of consignment occurred due to the non-availability of the vessel.
CESTAT - CESTAT Bangalore - Redemption Fine - CESTAT Directs to Reduce Redemption Fine - CESTAT Redemption Fine - Tax news - Taxscan

The Bangalore bench of the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) directed the Commissioner to reduce the redemption fine under the Customs Act, 1962 as the delay of consignment occurred due to the non-availability of the vessel. Specta Decor Pvt. Limited, the appellant filed a Bill of Entry dated 11.03.2016 for…

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