https://www.taxtmi.com/caselaws?id=89557 The Tribunal partially allowed the appeal challenging the imposition of a Redemption Fine and Penalty for importing without a valid license. The Redemption Fine was reduced to Rs. 3,50,000/- and the Penalty to Rs. 35,000/- from the initial amounts of Rs. 9,11,250/- and Rs. 1,00,000/-, respectively. The Tribunal considered precedents and established practices for determining the Redemption Fine, emphasizing a fair and just calculation based on Margin of Profit (MOP) and CIF value. The decision aimed to rectify undue delays in the appellate process and align with established norms. en-us Fri, 10 Jul 1998 00:00:00 +0530 Wed, 28 Sep 2011 10:56:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89557 The Tribunal partially allowed the appeal challenging the imposition of a Redemption Fine and Penalty for importing without a valid license. The Redemption Fine was reduced to Rs. 3,50,000/- and the Penalty to Rs. 35,000/- from the initial amounts of Rs. 9,11,250/- and Rs. 1,00,000/-, respectively. The Tribunal considered precedents and established practices for determining the Redemption Fine, emphasizing a fair and just calculation based on Margin of Profit (MOP) and CIF value. The decision aimed to rectify undue delays in the appellate process and align with established norms. Case-Laws Customs Fri, 10 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89557