https://www.taxtmi.com/caselaws?id=208516 The Tribunal disposed of both appeals by reducing the redemption fine to Rs. 10,00,000 and enhancing the penalty to Rs. 5 lakhs. These decisions aimed to address the financial burden on the Assessee due to prolonged detention of goods and missed seasonal opportunity, as well as to deter future misconduct and uphold customs regulations. en-us Tue, 22 Feb 2011 00:00:00 +0530 Sat, 21 Jan 2012 12:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208516 The Tribunal disposed of both appeals by reducing the redemption fine to Rs. 10,00,000 and enhancing the penalty to Rs. 5 lakhs. These decisions aimed to address the financial burden on the Assessee due to prolonged detention of goods and missed seasonal opportunity, as well as to deter future misconduct and uphold customs regulations. Case-Laws Customs Tue, 22 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208516