https://www.taxtmi.com/caselaws?id=264530 The appeal was filed against the CESTAT order reducing the redemption fine to Rs. 1.5 Lacs and maintaining the penalty at Rs. 50000. The court remanded the matter back to CESTAT for a thorough examination of the appellant's explanations, emphasizing the importance of proper consideration. The CESTAT order was quashed for arbitrarily determining the market value of goods and reducing the redemption fine. The Tax Appeal was disposed of with directions for further proceedings before CESTAT within six months. en-us Wed, 08 Jul 2015 00:00:00 +0530 Mon, 04 Jan 2016 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264530 The appeal was filed against the CESTAT order reducing the redemption fine to Rs. 1.5 Lacs and maintaining the penalty at Rs. 50000. The court remanded the matter back to CESTAT for a thorough examination of the appellant's explanations, emphasizing the importance of proper consideration. The CESTAT order was quashed for arbitrarily determining the market value of goods and reducing the redemption fine. The Tax Appeal was disposed of with directions for further proceedings before CESTAT within six months. Case-Laws Customs Wed, 08 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264530