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of <h1>Importers' Redemption Fine Upheld for Ship Breakage in Customs Bonded Area</h1> <h3>COMMR. OF CUSTOMS & C. EX., RAJKOT Versus VIRAT SHIP BREAKING CORPN.</h3> The Tribunal upheld the redemption fine and penalty imposed on importers for breaking an imported ship in the Customs bonded area to prevent damage, ... Ship breaking - Redemption fine and penalty The Revenue sought enhancement of redemption fine and penalty for breaking an imported ship without paying duty. The Tribunal upheld the fine and penalty imposed, noting the ship was not removed from the Customs bonded area and considering the importers' explanation for breaking the ship to prevent damage. The appeal was rejected.
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