https://www.taxtmi.com/caselaws?id=90021 The Collector's decision in the case regarding the under valuation of imported machinery was upheld, allowing re-export on payment of a reduced redemption fine of Rs. 2.50 lakhs instead of Rs. 5.00 lakhs. The judgment clarified that the Collector has the authority to order re-export of goods in addition to redemption, as re-export is distinct and permissible under Section 125 of the Act. Despite technical contraventions, the Collector's decision was deemed correct, emphasizing the distinction between redemption for home consumption and re-export for procedural simplification. en-us Fri, 12 Mar 1999 00:00:00 +0530 Sat, 01 Oct 2011 18:15:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90021 The Collector's decision in the case regarding the under valuation of imported machinery was upheld, allowing re-export on payment of a reduced redemption fine of Rs. 2.50 lakhs instead of Rs. 5.00 lakhs. The judgment clarified that the Collector has the authority to order re-export of goods in addition to redemption, as re-export is distinct and permissible under Section 125 of the Act. Despite technical contraventions, the Collector's decision was deemed correct, emphasizing the distinction between redemption for home consumption and re-export for procedural simplification. Case-Laws Customs Fri, 12 Mar 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90021