https://www.taxtmi.com/caselaws?id=113809 The Tribunal allowed the Department's appeal by remanding the case for proper determination of redemption fine and penalty amounts. The Board set aside the initial fine and penalty imposed by the Commissioner of Customs, deeming them insufficient given the gravity of the offense of over-valuation for export. Emphasizing the need for proportionate fines to deter fraudulent acts and prevent revenue loss, the Tribunal granted the respondents a fair hearing opportunity for the successor Commissioner to decide suitable amounts in accordance with the seriousness of the mis-declaration. en-us Wed, 28 Jan 2004 00:00:00 +0530 Tue, 08 May 2012 15:15:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113809 The Tribunal allowed the Department's appeal by remanding the case for proper determination of redemption fine and penalty amounts. The Board set aside the initial fine and penalty imposed by the Commissioner of Customs, deeming them insufficient given the gravity of the offense of over-valuation for export. Emphasizing the need for proportionate fines to deter fraudulent acts and prevent revenue loss, the Tribunal granted the respondents a fair hearing opportunity for the successor Commissioner to decide suitable amounts in accordance with the seriousness of the mis-declaration. Case-Laws Customs Wed, 28 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113809