https://www.taxtmi.com/caselaws?id=95227 The Tribunal upheld the Commissioner (Appeals) decision to reduce the redemption fine to 75%, rejecting the Revenue's argument for a higher percentage. The Tribunal affirmed that demurrage charges should be considered in determining the margin of profit and disagreed with the Revenue's challenge to apply case law on cassia to poppy seeds. The Tribunal found no grounds to accept the Revenue's appeal against the Commissioner (Appeals) order, upholding the 75% redemption fine. Additionally, the Tribunal upheld the penalty of Rs. 50,000 imposed by the Commissioner (Appeals), concluding that it was justified and proper. en-us Mon, 13 Nov 2000 00:00:00 +0530 Fri, 09 Dec 2011 10:29:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95227 The Tribunal upheld the Commissioner (Appeals) decision to reduce the redemption fine to 75%, rejecting the Revenue's argument for a higher percentage. The Tribunal affirmed that demurrage charges should be considered in determining the margin of profit and disagreed with the Revenue's challenge to apply case law on cassia to poppy seeds. The Tribunal found no grounds to accept the Revenue's appeal against the Commissioner (Appeals) order, upholding the 75% redemption fine. Additionally, the Tribunal upheld the penalty of Rs. 50,000 imposed by the Commissioner (Appeals), concluding that it was justified and proper. Case-Laws Customs Mon, 13 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95227