https://www.taxtmi.com/caselaws?id=113659 The Tribunal reduced fines and penalties imposed on importers for importing marble without a valid license, setting amounts at Rs. 35 lakhs and Rs. 8 lakhs for one appeal, and Rs. 4 lakhs and Rs. 1 lakh for the other. The Tribunal noted discrepancies in the Commissioner's order regarding profit margin calculation and market value adoption. Adjustments for demurrage and conversion expenses were granted but deemed excessive in some cases. The appeals were disposed of with consequential reliefs granted in accordance with the law. en-us Wed, 30 Jan 2002 00:00:00 +0530 Mon, 07 May 2012 14:36:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113659 The Tribunal reduced fines and penalties imposed on importers for importing marble without a valid license, setting amounts at Rs. 35 lakhs and Rs. 8 lakhs for one appeal, and Rs. 4 lakhs and Rs. 1 lakh for the other. The Tribunal noted discrepancies in the Commissioner's order regarding profit margin calculation and market value adoption. Adjustments for demurrage and conversion expenses were granted but deemed excessive in some cases. The appeals were disposed of with consequential reliefs granted in accordance with the law. Case-Laws Customs Wed, 30 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113659