https://www.taxtmi.com/caselaws?id=101430 Section 125 of the Customs Act, 1962 permits redemption fine in lieu of confiscation, but it does not authorise imposition of penalty. On that construction, the penalty component imposed under that provision was held unsustainable and was set aside. The appeal was allowed to that extent. en-us Wed, 13 Feb 2002 00:00:00 +0530 Thu, 09 Feb 2012 17:19:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101430 Section 125 of the Customs Act, 1962 permits redemption fine in lieu of confiscation, but it does not authorise imposition of penalty. On that construction, the penalty component imposed under that provision was held unsustainable and was set aside. The appeal was allowed to that extent. Case-Laws Customs Wed, 13 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101430