https://www.taxtmi.com/caselaws?id=213474 The appeal was partially allowed by the tribunal, reducing the redemption fine to Rs.40,000/- and the penalty to Rs.25,000/- to facilitate the re-export of hazardous goods. The appellants' challenge to the excessive fine and penalty amounts was upheld, enabling them to proceed with re-exporting the impugned goods held in the CFS. The judgment emphasized the appellants' intention to re-export the goods and the need to alleviate the financial burden imposed by the original authority, ultimately providing a resolution to the issues raised in the appeal. en-us Mon, 30 Apr 2012 00:00:00 +0530 Tue, 22 May 2012 19:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213474 The appeal was partially allowed by the tribunal, reducing the redemption fine to Rs.40,000/- and the penalty to Rs.25,000/- to facilitate the re-export of hazardous goods. The appellants' challenge to the excessive fine and penalty amounts was upheld, enabling them to proceed with re-exporting the impugned goods held in the CFS. The judgment emphasized the appellants' intention to re-export the goods and the need to alleviate the financial burden imposed by the original authority, ultimately providing a resolution to the issues raised in the appeal. Case-Laws Customs Mon, 30 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213474