https://www.taxtmi.com/caselaws?id=214307 Correctly declared imported goods that were sought to be re-exported only because the importer could not obtain the requisite drug import licence did not justify enhancement of redemption fine or penalty. The absence of mala fide intent and mens rea was not displaced, and the reduced monetary liabilities were found to be reasonable on the facts. The tribunal therefore declined to interfere with the Commissioner (Appeals)' reduction of redemption fine and penalty, and the Revenue's challenge failed. en-us Tue, 27 Mar 2012 00:00:00 +0530 Thu, 28 Jun 2012 13:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214307 Correctly declared imported goods that were sought to be re-exported only because the importer could not obtain the requisite drug import licence did not justify enhancement of redemption fine or penalty. The absence of mala fide intent and mens rea was not displaced, and the reduced monetary liabilities were found to be reasonable on the facts. The tribunal therefore declined to interfere with the Commissioner (Appeals)' reduction of redemption fine and penalty, and the Revenue's challenge failed. Case-Laws Customs Tue, 27 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214307