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<h1>Tribunal reduces redemption fine and penalty for marble imports in Exim Policy violation</h1> The Tribunal reduced the redemption fine for marble consignments imported in violation of the Exim Policy to Rs. 6 lakhs and penalty to Rs. 1.5 lakhs, ... Redemption fine and penalty - Quantum of The appeal involved the adjudication of marble consignments imported in violation of the Exim Policy. The goods were confiscated with an option to redeem on payment of a fine of Rs. 17,76,000 and penalties of Rs. 4,43,000. The Tribunal reduced the redemption fine to Rs. 6 lakhs and penalty to Rs. 1.5 lakhs, partially allowing the appeal.
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