https://www.taxtmi.com/caselaws?id=269487 The Tribunal partially allowed the appeals by reducing the redemption fine to &8377; 1 lakh and the penalties to &8377; 25,000 in both appeals. The Tribunal found the redemption fine and penalties excessive due to the negligible amounts of various metal scraps along with the heavy melting scrap (HMS) in the imported goods. The appellant's challenge focused on the redemption fine and penalties imposed, contending that the import documents were in order and the duty liability had been discharged. The Tribunal deemed the adjustments in the fines and penalties to serve the interests of justice. en-us Fri, 11 Sep 2015 00:00:00 +0530 Tue, 15 Dec 2015 20:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269487 The Tribunal partially allowed the appeals by reducing the redemption fine to &8377; 1 lakh and the penalties to &8377; 25,000 in both appeals. The Tribunal found the redemption fine and penalties excessive due to the negligible amounts of various metal scraps along with the heavy melting scrap (HMS) in the imported goods. The appellant's challenge focused on the redemption fine and penalties imposed, contending that the import documents were in order and the duty liability had been discharged. The Tribunal deemed the adjustments in the fines and penalties to serve the interests of justice. Case-Laws Customs Fri, 11 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269487