https://www.taxtmi.com/caselaws?id=73363 Redemption fine in lieu of confiscation under Section 125 of the Customs Act must be quantified with reference to the market price of the imported goods at the relevant time, supported by evidence, and cannot exceed that value less duty. Where the adjudicating order contains no finding on market price and the appellate order also omits that determination, the fine lacks a valid basis and cannot be sustained. The proper course is fresh quantification after considering evidence on market price, and the matter was remanded for that purpose. en-us Thu, 04 Jun 1987 00:00:00 +0530 Tue, 31 May 2011 14:51:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=73363 Redemption fine in lieu of confiscation under Section 125 of the Customs Act must be quantified with reference to the market price of the imported goods at the relevant time, supported by evidence, and cannot exceed that value less duty. Where the adjudicating order contains no finding on market price and the appellate order also omits that determination, the fine lacks a valid basis and cannot be sustained. The proper course is fresh quantification after considering evidence on market price, and the matter was remanded for that purpose. Case-Laws Central Excise Thu, 04 Jun 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73363