https://www.taxtmi.com/caselaws?id=102213 The Tribunal reduced the redemption fine from Rs. 30 lakhs to Rs. 13 lakhs and the penalty from Rs. 15 lakhs to Rs. 10 lakhs, dismissing the appeal with these modifications. This adjustment aimed to strike a balance between the gravity of the offense and the proportionality of the fines imposed, considering comparisons with previous cases and the appellants' arguments regarding valuation, confiscation, and license application. en-us Thu, 13 Jan 2000 00:00:00 +0530 Tue, 14 Feb 2012 11:04:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102213 The Tribunal reduced the redemption fine from Rs. 30 lakhs to Rs. 13 lakhs and the penalty from Rs. 15 lakhs to Rs. 10 lakhs, dismissing the appeal with these modifications. This adjustment aimed to strike a balance between the gravity of the offense and the proportionality of the fines imposed, considering comparisons with previous cases and the appellants' arguments regarding valuation, confiscation, and license application. Case-Laws Customs Thu, 13 Jan 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102213