https://www.taxtmi.com/caselaws?id=171518 The Tribunal held that CHPRCL was liable to pay the duty demand of Rs. 95,12,503/- along with interest. The redemption fine was reduced to Rs. 20 lakhs, and the penalty on CHPRCL was reduced to Rs. 1 lakh. The penalty on the importer JV company was reduced to Rs. 20 lakhs, with the individual constituents jointly liable if the JV failed to pay. Penalties on the officials of CHPRCL and the constituents of the JV were set aside. The appeals were disposed of accordingly. en-us Fri, 10 May 2013 00:00:00 +0530 Tue, 26 May 2015 18:11:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171518 The Tribunal held that CHPRCL was liable to pay the duty demand of Rs. 95,12,503/- along with interest. The redemption fine was reduced to Rs. 20 lakhs, and the penalty on CHPRCL was reduced to Rs. 1 lakh. The penalty on the importer JV company was reduced to Rs. 20 lakhs, with the individual constituents jointly liable if the JV failed to pay. Penalties on the officials of CHPRCL and the constituents of the JV were set aside. The appeals were disposed of accordingly. Case-Laws Customs Fri, 10 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171518