https://www.taxtmi.com/caselaws?id=86744 Margin of profit for fixing redemption fine in import confiscation matters must reflect all valid pre-sale expenses, including clearing, loading, transportation, unloading and godown charges. The appellate authority was justified in directing a fresh determination because the expression has no statutory definition in the Customs Act and cannot be applied through a rigid formula or arbitrary ad hoc deduction. The required assessment should account for the expenses incurred before the goods enter the stream of sale, ensuring a realistic profit computation. The Revenue's objection was rejected and the direction to reconsider the margin of profit on that basis was upheld. en-us Thu, 13 Feb 1997 00:00:00 +0530 Fri, 26 Aug 2011 18:35:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86744 Margin of profit for fixing redemption fine in import confiscation matters must reflect all valid pre-sale expenses, including clearing, loading, transportation, unloading and godown charges. The appellate authority was justified in directing a fresh determination because the expression has no statutory definition in the Customs Act and cannot be applied through a rigid formula or arbitrary ad hoc deduction. The required assessment should account for the expenses incurred before the goods enter the stream of sale, ensuring a realistic profit computation. The Revenue's objection was rejected and the direction to reconsider the margin of profit on that basis was upheld. Case-Laws Customs Thu, 13 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86744