https://www.taxtmi.com/caselaws?id=104826 Liability to confiscation for marble consignments imported in contravention of the Foreign Trade (Development and Regulation) Act, 1992 and the Exim Policy was not disputed; the issue was only the quantum of redemption fine and penalty. Taking account of parity with similar cases and the treatment of comparable imports, CEGAT reduced the fine and penalty to roughly 20% and 5% of CIF value respectively. The confiscation itself remained undisturbed, and the appeals succeeded only to the extent of reduction in the monetary sanctions. en-us Tue, 16 Apr 2002 00:00:00 +0530 Thu, 01 Mar 2012 14:55:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104826 Liability to confiscation for marble consignments imported in contravention of the Foreign Trade (Development and Regulation) Act, 1992 and the Exim Policy was not disputed; the issue was only the quantum of redemption fine and penalty. Taking account of parity with similar cases and the treatment of comparable imports, CEGAT reduced the fine and penalty to roughly 20% and 5% of CIF value respectively. The confiscation itself remained undisturbed, and the appeals succeeded only to the extent of reduction in the monetary sanctions. Case-Laws Customs Tue, 16 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104826