https://www.taxtmi.com/caselaws?id=92512 The Tribunal upheld the Commissioner's order imposing a redemption fine and penalty under the Customs Act on the appellant for seized goods. The Tribunal found the redemption fine and penalty based on the market value of the goods were not arbitrary or excessive, considering the CIF value. The appellant's argument that certain payments were not considered was dismissed, and the Tribunal affirmed the Commissioner's order, stating it was not flawed. The appellant's appeal was dismissed, and the order regarding the redemption fine and penalty was upheld. en-us Fri, 01 Oct 1999 00:00:00 +0530 Wed, 02 Nov 2011 12:11:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92512 The Tribunal upheld the Commissioner's order imposing a redemption fine and penalty under the Customs Act on the appellant for seized goods. The Tribunal found the redemption fine and penalty based on the market value of the goods were not arbitrary or excessive, considering the CIF value. The appellant's argument that certain payments were not considered was dismissed, and the Tribunal affirmed the Commissioner's order, stating it was not flawed. The appellant's appeal was dismissed, and the order regarding the redemption fine and penalty was upheld. Case-Laws Customs Fri, 01 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92512