Old and Worn Clothes Imported Without Valid Specific License: CESTAT Upholds 10% Redemption Fine and 5% Penalty [Read Order]
The tribunal upheld the confiscation of goods under Section 111(d) of the Customs Act, 1962, for the lack of a valid import license but concluded that a redemption fine of 10% and a penalty of 5% were appropriate under the circumstances
By Varda Marakkar - On October 6, 2024 10:45 am - 2 mins read
In a recent ruling, the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) in Kolkata upheld a 10% redemption fine and a 5% penalty in a case involving the import of old and worn clothing without a valid specific license. The case is an appeal by the assessee/ appellant M/s S. S. Traders,…
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