https://www.taxtmi.com/caselaws?id=91191 The Appellate Tribunal CEGAT, New Delhi upheld the imposition of a redemption fine of Rs. 50,000 on M/s. Moonlight Overseas Pvt. Ltd. for importing brass ingots declared as scrap. Despite the importer's argument of minimal quantity and lack of malpractice intent, the tribunal deemed the fine appropriate based on market value and duty. The tribunal clarified the validity of the notice issued under the Superintendent of Central Excise and emphasized that the redemption fine should not exceed the market price of confiscated goods. Ultimately, the tribunal rejected the appeal, affirming the redemption fine without imposing a personal penalty. en-us Fri, 29 May 1998 00:00:00 +0530 Fri, 14 Oct 2011 13:33:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91191 The Appellate Tribunal CEGAT, New Delhi upheld the imposition of a redemption fine of Rs. 50,000 on M/s. Moonlight Overseas Pvt. Ltd. for importing brass ingots declared as scrap. Despite the importer's argument of minimal quantity and lack of malpractice intent, the tribunal deemed the fine appropriate based on market value and duty. The tribunal clarified the validity of the notice issued under the Superintendent of Central Excise and emphasized that the redemption fine should not exceed the market price of confiscated goods. Ultimately, the tribunal rejected the appeal, affirming the redemption fine without imposing a personal penalty. Case-Laws Customs Fri, 29 May 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91191