https://www.taxtmi.com/caselaws?id=107640 Redemption fine on confiscated goods permitted for re-export was reduced because prolonged detention and rapid technological change had materially diminished the goods' relevance and value, making the original fine excessive. Penalty was also set aside because it had been imposed under Section 112 of the Customs Act, 1962, while the show cause notice had proposed action only under Section 114(a); a penalty cannot be sustained on a statutory basis not put to notice. Confiscation and permission to re-export remained undisturbed, but the assessee obtained partial relief through reduction of the fine and quashing of the penalty. en-us Thu, 10 Jul 2003 00:00:00 +0530 Fri, 23 Mar 2012 18:56:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107640 Redemption fine on confiscated goods permitted for re-export was reduced because prolonged detention and rapid technological change had materially diminished the goods' relevance and value, making the original fine excessive. Penalty was also set aside because it had been imposed under Section 112 of the Customs Act, 1962, while the show cause notice had proposed action only under Section 114(a); a penalty cannot be sustained on a statutory basis not put to notice. Confiscation and permission to re-export remained undisturbed, but the assessee obtained partial relief through reduction of the fine and quashing of the penalty. Case-Laws Customs Thu, 10 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107640