https://www.taxtmi.com/caselaws?id=248255 The High Court upheld the Tribunal's decision to impose a redemption fine of Rs. 20 lakhs on confiscated diamonds, despite not penalizing the petitioner, based on the unauthorized removal of diamonds by the petitioner's manager. The Court found the Tribunal's decision reasonable, considering the market value of the diamonds and the petitioner's conduct. The Court dismissed the petitioner's arguments regarding duty liability, employee actions, and the employer's responsibility for redemption fines, emphasizing the company's liability for its employees' actions. The petition was ultimately dismissed as no legal questions arose from the Tribunal's order. en-us Fri, 04 Apr 2014 00:00:00 +0530 Mon, 17 Nov 2014 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248255 The High Court upheld the Tribunal's decision to impose a redemption fine of Rs. 20 lakhs on confiscated diamonds, despite not penalizing the petitioner, based on the unauthorized removal of diamonds by the petitioner's manager. The Court found the Tribunal's decision reasonable, considering the market value of the diamonds and the petitioner's conduct. The Court dismissed the petitioner's arguments regarding duty liability, employee actions, and the employer's responsibility for redemption fines, emphasizing the company's liability for its employees' actions. The petition was ultimately dismissed as no legal questions arose from the Tribunal's order. Case-Laws Customs Fri, 04 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248255