https://www.taxtmi.com/caselaws?id=96086 Redemption fine under the Customs Act could not be sustained because the market price of the imported car had not first been determined as required by statute. The confiscation was treated as arising from contravention of the import conditions, but the order gave no basis for how the redemption fine was quantified and did not show compliance with the mandatory market-price determination. The confiscation order and redemption fine were therefore set aside, and the matter was remanded for de novo adjudication. en-us Fri, 09 Mar 2001 00:00:00 +0530 Sat, 17 Dec 2011 11:50:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96086 Redemption fine under the Customs Act could not be sustained because the market price of the imported car had not first been determined as required by statute. The confiscation was treated as arising from contravention of the import conditions, but the order gave no basis for how the redemption fine was quantified and did not show compliance with the mandatory market-price determination. The confiscation order and redemption fine were therefore set aside, and the matter was remanded for de novo adjudication. Case-Laws Customs Fri, 09 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96086