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<h1>Exporter's Penalty Reduced, Early Hearing Granted, Fine Waived</h1> The appellate tribunal granted early hearing and waived a penalty of Rs. 1 lakh in a case where an exporter overvalued goods for export, resulting in ... Confiscation of goods - Redemption fine and penalty The appellate tribunal granted early hearing, waived penalty of Rs. 1 lakh. The exporter overvalued goods for export, leading to confiscation and fine. The tribunal reduced the fine to Rs. 4,00,000 due to financial loss from delay. Penalty of Rs. 1 lakh was upheld. The appeal was allowed with reduced fine.
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