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<h1>Appeal successful: Fine reduced, goods redeemed, penalties slashed.</h1> The Tribunal upheld the appeal, reducing the fine to Rs. 1,75,000 and penalty to Rs. 5,000, allowing redemption of the imported goods confiscated due to ... Redemption fine and penalty The appeal was against the confiscation of imported goods due to lack of import license. The appellant argued lack of awareness and no mala fide intention. The Commissioner allowed redemption of goods with a fine. The Tribunal reduced the fine to Rs. 1,75,000 and penalty to Rs. 5,000, upholding the appeal with modifications.
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