https://www.taxtmi.com/caselaws?id=85155 The appellate authority enhanced the penalty to Rs. 40 lakhs after remand, considering goods cleared from a bonded warehouse. The appellant contested the initial fine and penalty, advocating for inclusion of expenses in profit margin calculation. The Tribunal directed verification of profit margin, including duty liability, and remanded the case for proper adjudication. The Member (T) emphasized considering duty liability and post-sale fund usage for accurate profit margin determination. The matter was to be reconsidered for precise calculation, highlighting the need for adherence to legal principles. en-us Wed, 01 Mar 1995 00:00:00 +0530 Wed, 03 Aug 2011 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85155 The appellate authority enhanced the penalty to Rs. 40 lakhs after remand, considering goods cleared from a bonded warehouse. The appellant contested the initial fine and penalty, advocating for inclusion of expenses in profit margin calculation. The Tribunal directed verification of profit margin, including duty liability, and remanded the case for proper adjudication. The Member (T) emphasized considering duty liability and post-sale fund usage for accurate profit margin determination. The matter was to be reconsidered for precise calculation, highlighting the need for adherence to legal principles. Case-Laws Customs Wed, 01 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85155