https://www.taxtmi.com/caselaws?id=98125 The tribunal upheld the Commissioner (Appeals)'s decision to reduce the redemption fine by approximately 70% in a case involving alleged unauthorized import of spectacle frames in knocked down condition following the cancellation of an Advance Release Order by the DGFT. Despite arguments for a further reduction in the fine based on good faith import and market conditions, the tribunal found no direct correlation between the company's profit margin and that of the imported goods. As a result, the appeals were dismissed due to insufficient evidence on market prices and profit margins. en-us Mon, 17 Jan 2000 00:00:00 +0530 Thu, 19 Jan 2012 12:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98125 The tribunal upheld the Commissioner (Appeals)'s decision to reduce the redemption fine by approximately 70% in a case involving alleged unauthorized import of spectacle frames in knocked down condition following the cancellation of an Advance Release Order by the DGFT. Despite arguments for a further reduction in the fine based on good faith import and market conditions, the tribunal found no direct correlation between the company's profit margin and that of the imported goods. As a result, the appeals were dismissed due to insufficient evidence on market prices and profit margins. Case-Laws Customs Mon, 17 Jan 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98125