https://www.taxtmi.com/caselaws?id=255335 The SC modified the Tribunal's order in an appeal under the Customs Act, reducing the redemption fine and penalty to 20% each of the value of goods. The Court emphasized the need for a justifiable exercise of discretion in imposing fines and penalties, aligning with previous judgments and statutory provisions. The decision aimed to maintain uniformity in penalties while deterring repeat violations and ensuring fines are not excessive. en-us Wed, 03 Dec 2014 00:00:00 +0530 Mon, 17 Aug 2015 14:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255335 The SC modified the Tribunal's order in an appeal under the Customs Act, reducing the redemption fine and penalty to 20% each of the value of goods. The Court emphasized the need for a justifiable exercise of discretion in imposing fines and penalties, aligning with previous judgments and statutory provisions. The decision aimed to maintain uniformity in penalties while deterring repeat violations and ensuring fines are not excessive. Case-Laws Customs Wed, 03 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255335