https://www.taxtmi.com/caselaws?id=259072 The Court partially allowed the writ appeal, setting aside penalty-related findings for fresh consideration by the Settlement Commission. The Court emphasized the need for a proper market survey before imposing a redemption fine, as mandated by Section 125 of the Customs Act. The Settlement Officer was directed to re-examine the penalty and redemption fine imposition in compliance with legal principles outlined in relevant case law. The importance of adhering to due process and legal requirements was underscored, with the case highlighting the significance of following established legal precedents. en-us Wed, 15 Apr 2015 00:00:00 +0530 Tue, 28 Apr 2015 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259072 The Court partially allowed the writ appeal, setting aside penalty-related findings for fresh consideration by the Settlement Commission. The Court emphasized the need for a proper market survey before imposing a redemption fine, as mandated by Section 125 of the Customs Act. The Settlement Officer was directed to re-examine the penalty and redemption fine imposition in compliance with legal principles outlined in relevant case law. The importance of adhering to due process and legal requirements was underscored, with the case highlighting the significance of following established legal precedents. Case-Laws Customs Wed, 15 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259072