Penalty u/s 112(a) reduced for import of counterfeit goods

Sun Sea Shipping Agency Vs The Commissioner of Customs (CESTAT Chennai) The goods are counterfeit and have been confiscated. However, penalty u/s 112(a) being on higher side is reduced Facts- The assessee filed a Bill of Entry dated 22.12.2017 through their Customs Broker M/s. Sun Sea Shipping Agency for the clearance of import consignment in which the goods were declared as ‘3B Glass Top Gas Stove (Unbranded)’. On verification it was found that the consignment contained 410 pieces of 3B Glass Top and 341 cartons of shoes bearing brand names Nike, Adidas, Reebok and Puma. The import of suc...