https://www.taxtmi.com/caselaws?id=1347 The appeal arose from the confiscation of used Photocopier Copying Assembly imported without a license under the Export-Import Policy. The goods were allowed to be redeemed on payment of a Redemption Fine (RF) and penalty. The Tribunal reduced the RF to 10% of the value and penalty to 5% of the value, granting relief only on the reduction of fines and penalties. Compliance with import regulations and proper valuation of goods were emphasized in the judgment. The appeal was disposed of accordingly. en-us Thu, 04 Jan 2007 00:00:00 +0530 Mon, 14 Apr 2008 17:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1347 The appeal arose from the confiscation of used Photocopier Copying Assembly imported without a license under the Export-Import Policy. The goods were allowed to be redeemed on payment of a Redemption Fine (RF) and penalty. The Tribunal reduced the RF to 10% of the value and penalty to 5% of the value, granting relief only on the reduction of fines and penalties. Compliance with import regulations and proper valuation of goods were emphasized in the judgment. The appeal was disposed of accordingly. Case-Laws Customs Thu, 04 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1347