PSI certificate Non-compliance: CESTAT Reduces Fine & Penalty on Goods with 100% Examination

Kamachi Steels Ltd Vs Commissioner of Customs (CESTAT Chennai) Introduction: Kamachi Steels Ltd filed an appeal against the order of the Commissioner of Customs, Chennai, for confiscation of imported steel scrap. The appellant imported goods with a Pre-shipment Inspection (PSI) certificate issued by a branch office of the Inspection Agency, which did not comply with the prescribed format. Consequently, the goods were subjected to 100% examination, and no banned substances were found. However, the authorities imposed a redemption fine and penalties, leading to the appeal before the Customs, Exc...