https://www.taxtmi.com/caselaws?id=105454 The Tribunal dismissed the Rectification of Mistake (ROM) application filed by the appellants concerning the Final Order under the Customs Act. The appellants contested the redemption fine imposed by the Commissioner of Customs, alleging a violation of Section 125(1) of the Customs Act. The Tribunal determined that the redemption fine was not excessive and did not exceed the market value of the confiscated goods. As a result, the Tribunal found no error in the final order and rejected the appellants' ROM application. en-us Fri, 09 Nov 2001 00:00:00 +0530 Mon, 05 Mar 2012 16:58:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105454 The Tribunal dismissed the Rectification of Mistake (ROM) application filed by the appellants concerning the Final Order under the Customs Act. The appellants contested the redemption fine imposed by the Commissioner of Customs, alleging a violation of Section 125(1) of the Customs Act. The Tribunal determined that the redemption fine was not excessive and did not exceed the market value of the confiscated goods. As a result, the Tribunal found no error in the final order and rejected the appellants' ROM application. Case-Laws Customs Fri, 09 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105454