https://www.taxtmi.com/caselaws?id=72832 Redemption fine under Section 125 of the Customs Act, 1962 must be fixed on relevant evidence and rational considerations within the statutory ceiling of the market price of the confiscated goods less duty chargeable. Because confiscation is penal and quasi-criminal in character, the fine cannot rest on arbitrary assessment or mere assertion by the adjudicating authority. Where the market price at the time and place of importation is not ascertained and no evidentiary basis supports the amount fixed, the quantification is liable to be set aside and re-determined de novo on remand. en-us Fri, 20 Feb 1987 00:00:00 +0530 Wed, 25 May 2011 13:21:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72832 Redemption fine under Section 125 of the Customs Act, 1962 must be fixed on relevant evidence and rational considerations within the statutory ceiling of the market price of the confiscated goods less duty chargeable. Because confiscation is penal and quasi-criminal in character, the fine cannot rest on arbitrary assessment or mere assertion by the adjudicating authority. Where the market price at the time and place of importation is not ascertained and no evidentiary basis supports the amount fixed, the quantification is liable to be set aside and re-determined de novo on remand. Case-Laws Customs Fri, 20 Feb 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72832