https://www.taxtmi.com/caselaws?id=75456 The High Court upheld the Tribunal's decision to reduce the redemption fine from Rs. 25 lacs to Rs. 5 lacs, stating that the fine imposition is discretionary. The penalty imposed on the importer for Customs Act offenses was partially allowed, with the Court reducing it from Rs. 5 lacs to Rs. 50,000 due to a technical breach. The Court directed the penalty payment and refund of any excess amount paid, maintaining the redemption fine and instructing the appellants to return any surplus funds. en-us Wed, 23 Sep 2009 00:00:00 +0530 Fri, 16 Apr 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75456 The High Court upheld the Tribunal's decision to reduce the redemption fine from Rs. 25 lacs to Rs. 5 lacs, stating that the fine imposition is discretionary. The penalty imposed on the importer for Customs Act offenses was partially allowed, with the Court reducing it from Rs. 5 lacs to Rs. 50,000 due to a technical breach. The Court directed the penalty payment and refund of any excess amount paid, maintaining the redemption fine and instructing the appellants to return any surplus funds. Case-Laws Customs Wed, 23 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75456