https://www.taxtmi.com/caselaws?id=213022 The court affirmed the tribunal's authority to direct the release of goods upon payment of a redemption fine but increased the fine to Rs.80 lakhs. It held that the tribunal's initial fine amount was inadequate, confirmed the imposition of penalties under Sections 112(a) and 114AA, upheld the Rs.10 lakhs penalty under Section 114AA, and imposed an additional Rs.10 lakhs penalty under Section 112(a). The Revenue's appeal was partly allowed, while the assessee's appeal was dismissed. en-us Wed, 28 Mar 2012 00:00:00 +0530 Sat, 25 Apr 2015 12:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213022 The court affirmed the tribunal's authority to direct the release of goods upon payment of a redemption fine but increased the fine to Rs.80 lakhs. It held that the tribunal's initial fine amount was inadequate, confirmed the imposition of penalties under Sections 112(a) and 114AA, upheld the Rs.10 lakhs penalty under Section 114AA, and imposed an additional Rs.10 lakhs penalty under Section 112(a). The Revenue's appeal was partly allowed, while the assessee's appeal was dismissed. Case-Laws Customs Wed, 28 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213022