https://www.taxtmi.com/caselaws?id=237724 Imported used copier machines confiscated for absence of the required licence may attract redemption fine and penalty, but the quantum can be reduced where margin of profit has not been worked out. The appellate authority reduced both amounts on that basis, and the Tribunal found no sufficient reason to interfere because the Department had not itself taken steps to determine the margin of profit before or during the appeal. The reduction of redemption fine and penalty was therefore maintained, and the Revenue's challenge failed. en-us Tue, 27 Aug 2013 00:00:00 +0530 Sat, 05 Oct 2013 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237724 Imported used copier machines confiscated for absence of the required licence may attract redemption fine and penalty, but the quantum can be reduced where margin of profit has not been worked out. The appellate authority reduced both amounts on that basis, and the Tribunal found no sufficient reason to interfere because the Department had not itself taken steps to determine the margin of profit before or during the appeal. The reduction of redemption fine and penalty was therefore maintained, and the Revenue's challenge failed. Case-Laws Customs Tue, 27 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237724