https://www.taxtmi.com/caselaws?id=101267 Contravention of a duty-free import scheme by selling duty-free imported goods in the open market justified penal action, and subsequent payment of duty on detection did not warrant deletion of the penalty. The penalty was therefore sustained, but the surrounding circumstances and the excess amount paid over the duty demand were relevant to quantifying the sanction, resulting in reduction of the penalty to Rs. 3 lakhs. en-us Wed, 02 Jan 2002 00:00:00 +0530 Thu, 09 Feb 2012 12:15:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101267 Contravention of a duty-free import scheme by selling duty-free imported goods in the open market justified penal action, and subsequent payment of duty on detection did not warrant deletion of the penalty. The penalty was therefore sustained, but the surrounding circumstances and the excess amount paid over the duty demand were relevant to quantifying the sanction, resulting in reduction of the penalty to Rs. 3 lakhs. Case-Laws Customs Wed, 02 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101267