https://www.taxtmi.com/caselaws?id=100489 Import of an old, used second-hand diesel engine received as a bona fide gift for personal use did not justify penalty or redemption fine. The record showed no commercial purpose or foreign exchange involvement, and the penal provisions were treated as requiring mala fide conduct, which was not established. Redemption fine was also unsustainable because the market price of the goods had not been determined, although that determination was necessary before imposing fine. On the facts accepted by the lower authority, the quantum of both fine and penalty was not supported, and both were set aside. en-us Fri, 02 Nov 2001 00:00:00 +0530 Wed, 01 Feb 2012 18:34:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100489 Import of an old, used second-hand diesel engine received as a bona fide gift for personal use did not justify penalty or redemption fine. The record showed no commercial purpose or foreign exchange involvement, and the penal provisions were treated as requiring mala fide conduct, which was not established. Redemption fine was also unsustainable because the market price of the goods had not been determined, although that determination was necessary before imposing fine. On the facts accepted by the lower authority, the quantum of both fine and penalty was not supported, and both were set aside. Case-Laws Customs Fri, 02 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100489