https://www.taxtmi.com/caselaws?id=109571 Redemption fine on confiscated imported goods was not shown to be excessive, because the declared value had been accepted and no material supported enhancement based on margin of profit. Penalty on the importer was also unwarranted, as the facts indicated a possible bona fide belief that the goods were importable, especially where similar goods had earlier been cleared and the licensing requirement arose only after a later circular. The text states that penalty under the Customs Act is discretionary and depends on the facts of each case; confiscation does not automatically require penalty. en-us Fri, 04 Jul 2003 00:00:00 +0530 Tue, 10 Apr 2012 17:53:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109571 Redemption fine on confiscated imported goods was not shown to be excessive, because the declared value had been accepted and no material supported enhancement based on margin of profit. Penalty on the importer was also unwarranted, as the facts indicated a possible bona fide belief that the goods were importable, especially where similar goods had earlier been cleared and the licensing requirement arose only after a later circular. The text states that penalty under the Customs Act is discretionary and depends on the facts of each case; confiscation does not automatically require penalty. Case-Laws Customs Fri, 04 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109571