https://www.taxtmi.com/caselaws?id=243246 The Tribunal partially allowed the appeal concerning a dispute over a redemption fine imposed under Section 125 of the Customs Act for 100 seized gold bars. The Tribunal reduced the redemption fine from Rs. 20 lakhs to Rs. 11 lakhs, aligning it with fines in similar cases, while maintaining the penalty at Rs. 3 lakhs. The decision acknowledged market conditions and policies, finding the original fine excessive. The appeal outcome was pronounced on 11-12-13. en-us Wed, 11 Dec 2013 00:00:00 +0530 Tue, 28 Jan 2014 06:37:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243246 The Tribunal partially allowed the appeal concerning a dispute over a redemption fine imposed under Section 125 of the Customs Act for 100 seized gold bars. The Tribunal reduced the redemption fine from Rs. 20 lakhs to Rs. 11 lakhs, aligning it with fines in similar cases, while maintaining the penalty at Rs. 3 lakhs. The decision acknowledged market conditions and policies, finding the original fine excessive. The appeal outcome was pronounced on 11-12-13. Case-Laws Customs Wed, 11 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243246