https://www.taxtmi.com/caselaws?id=180929 The Tribunal vacated the redemption fine as the goods were not physically available for confiscation. Penalties under Section 114 were upheld but reduced for the exporter, CHA, and shipping line due to excessive amounts. The judgment clarified that actual confiscation of goods is not necessary for imposing penalties under Section 114 if the goods are liable to confiscation. Legal precedents were applied to assess the appropriateness of fines and penalties, resulting in adjusted amounts to reflect fairness and reasonableness in light of the case's circumstances. en-us Thu, 04 Jun 2009 00:00:00 +0530 Fri, 14 Jul 2017 09:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180929 The Tribunal vacated the redemption fine as the goods were not physically available for confiscation. Penalties under Section 114 were upheld but reduced for the exporter, CHA, and shipping line due to excessive amounts. The judgment clarified that actual confiscation of goods is not necessary for imposing penalties under Section 114 if the goods are liable to confiscation. Legal precedents were applied to assess the appropriateness of fines and penalties, resulting in adjusted amounts to reflect fairness and reasonableness in light of the case's circumstances. Case-Laws Customs Thu, 04 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180929