https://www.taxtmi.com/caselaws?id=113454 The Tribunal upheld the reduction in redemption fine but imposed a penalty of Rs. 20,000 under Section 112(a) of the Customs Act due to the import of prohibited second-hand computers over 10 years old, contravening the Import Export Policy. Despite the reduction in the redemption fine from Rs. 2 lakhs to Rs. 40,000, penal action was warranted for importing prohibited goods, leading to the imposition of the penalty. The appeal was allowed in part, with the penalty being upheld while the redemption fine was reduced, reflecting the Tribunal's assessment of the case. en-us Tue, 27 Apr 2004 00:00:00 +0530 Sat, 05 May 2012 13:21:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113454 The Tribunal upheld the reduction in redemption fine but imposed a penalty of Rs. 20,000 under Section 112(a) of the Customs Act due to the import of prohibited second-hand computers over 10 years old, contravening the Import Export Policy. Despite the reduction in the redemption fine from Rs. 2 lakhs to Rs. 40,000, penal action was warranted for importing prohibited goods, leading to the imposition of the penalty. The appeal was allowed in part, with the penalty being upheld while the redemption fine was reduced, reflecting the Tribunal's assessment of the case. Case-Laws Customs Tue, 27 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113454