https://www.taxtmi.com/caselaws?id=123845 The Tribunal set aside the enhancement of value on the machinery and reduced the redemption fine and penalty, taking into account the total value of the machine. The confiscation was upheld, but the fines were adjusted accordingly, with the penalty on the Managing Director being waived. en-us Mon, 12 Feb 2007 00:00:00 +0530 Fri, 21 Sep 2012 11:56:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123845 The Tribunal set aside the enhancement of value on the machinery and reduced the redemption fine and penalty, taking into account the total value of the machine. The confiscation was upheld, but the fines were adjusted accordingly, with the penalty on the Managing Director being waived. Case-Laws Customs Mon, 12 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123845