Reduction of Redemption Fine imposed on Confiscation of Prime hot rolled steel plates without considering MIP: CESTAT Directs Re-adjudication [Read Order]

By Shabna Rahim - On October 24, 2023 2:00 pm - 2 mins read
Redemption Fine - Sufficient - Discourage Importer - Repeating Offence-CESTAT-TAXSCAN

The Ahmedabad bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) directed re-adjudication for reducing the redemption fine imposed on the confiscation of prime hot rolled steel plates without considering the Minimum Import Price (MIP).  Gamesa Renewable Pvt Ltd, the respondent-assessee was engaged in the import of “Prime hot rolled steel plates shot-blasted/…

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