https://www.taxtmi.com/caselaws?id=106280 Imported marble was liable to confiscation for contravention of the foreign trade regime under the Foreign Trade (Development & Regulation) Act, 1992 read with the Exim Policy 1997-2002 and Section 111(d) of the Customs Act, 1962. As confiscation was not disputed, the only surviving issue was the quantum of redemption fine and penalty. Taking comparable Tribunal orders into account, the monetary burden was moderated to a proportionate level, with the fine and penalty reduced to Rs. 6 lakhs and Rs. 1.5 lakhs respectively. Confiscation remained undisturbed, and consequential relief followed from the reduced penalties. en-us Mon, 29 Apr 2002 00:00:00 +0530 Tue, 13 Mar 2012 15:24:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106280 Imported marble was liable to confiscation for contravention of the foreign trade regime under the Foreign Trade (Development & Regulation) Act, 1992 read with the Exim Policy 1997-2002 and Section 111(d) of the Customs Act, 1962. As confiscation was not disputed, the only surviving issue was the quantum of redemption fine and penalty. Taking comparable Tribunal orders into account, the monetary burden was moderated to a proportionate level, with the fine and penalty reduced to Rs. 6 lakhs and Rs. 1.5 lakhs respectively. Confiscation remained undisturbed, and consequential relief followed from the reduced penalties. Case-Laws Customs Mon, 29 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106280