https://www.taxtmi.com/caselaws?id=109812 The Tribunal reduced Shri Radheshyam Agarwal's personal penalty from Rs. 60,000 to Rs. 15,000 for the confiscation of gold biscuits. The Maruti Car, used for transporting the gold, was deemed liable for confiscation but could be redeemed upon payment of a redemption fine by the owner, Shri Rajesh Kumar Singhal. The case outcome involved maintaining the confiscation of the gold biscuits and the Maruti Car, with modifications allowing for the redemption of the car upon payment of the fine. en-us Tue, 11 Mar 2003 00:00:00 +0530 Thu, 12 Apr 2012 10:45:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109812 The Tribunal reduced Shri Radheshyam Agarwal's personal penalty from Rs. 60,000 to Rs. 15,000 for the confiscation of gold biscuits. The Maruti Car, used for transporting the gold, was deemed liable for confiscation but could be redeemed upon payment of a redemption fine by the owner, Shri Rajesh Kumar Singhal. The case outcome involved maintaining the confiscation of the gold biscuits and the Maruti Car, with modifications allowing for the redemption of the car upon payment of the fine. Case-Laws Customs Tue, 11 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109812