https://www.taxtmi.com/caselaws?id=123798 The Tribunal upheld the enhanced value assessment for imported goods but deemed the redemption fine and penalty excessive. While confirming the confiscation and penalties, the Tribunal reduced the redemption fine and penalty to 15% of the assessable value each, aiming for a suitable deterrent penalty. The appeal was disposed of with revised fines, resolving related applications as well. en-us Mon, 12 May 2008 00:00:00 +0530 Thu, 20 Sep 2012 16:01:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123798 The Tribunal upheld the enhanced value assessment for imported goods but deemed the redemption fine and penalty excessive. While confirming the confiscation and penalties, the Tribunal reduced the redemption fine and penalty to 15% of the assessable value each, aiming for a suitable deterrent penalty. The appeal was disposed of with revised fines, resolving related applications as well. Case-Laws Customs Mon, 12 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123798