https://www.taxtmi.com/caselaws?id=99185 The Tribunal found the redemption fine and personal penalty imposed by the Commissioner of Customs excessive given the circumstances. They reduced the redemption fine from Rs. 15.00 lakhs to Rs. 5.00 lakhs and the personal penalty from Rs. 5.00 lakhs to Rs. 1.00 lakh. The appeal was rejected except for the modifications made to the fines. en-us Thu, 31 Aug 2000 00:00:00 +0530 Wed, 25 Jan 2012 15:01:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99185 The Tribunal found the redemption fine and personal penalty imposed by the Commissioner of Customs excessive given the circumstances. They reduced the redemption fine from Rs. 15.00 lakhs to Rs. 5.00 lakhs and the personal penalty from Rs. 5.00 lakhs to Rs. 1.00 lakh. The appeal was rejected except for the modifications made to the fines. Case-Laws Customs Thu, 31 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99185