https://www.taxtmi.com/caselaws?id=91314 Redemption fine on confiscated imported goods must be fixed on a rational basis with regard to prevailing market conditions and the value of the consignment; on that footing, the fine on imported used diesel engines was reduced because the Commissioner gave no specific basis for the margin of profit adopted and the relevant market prices had to be considered as at the time of import. A penalty may still be sustained where the import is in clear breach of import policy and the amount is proportionate; on those facts, the penalty on the importer was upheld as commensurate with the consignment value. en-us Tue, 05 Jan 1999 00:00:00 +0530 Mon, 17 Oct 2011 12:41:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91314 Redemption fine on confiscated imported goods must be fixed on a rational basis with regard to prevailing market conditions and the value of the consignment; on that footing, the fine on imported used diesel engines was reduced because the Commissioner gave no specific basis for the margin of profit adopted and the relevant market prices had to be considered as at the time of import. A penalty may still be sustained where the import is in clear breach of import policy and the amount is proportionate; on those facts, the penalty on the importer was upheld as commensurate with the consignment value. Case-Laws Customs Tue, 05 Jan 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91314