https://www.taxtmi.com/caselaws?id=329762 The Tribunal partly allowed the appeal by the appellant company, reducing the redemption fine to 5% of the assessable value and lowering the penalty to Rs. 1,00,000. The appeals filed by the four individuals were also allowed, with the penalties imposed on them being waived. The judgment aimed to balance the imposition of fines and penalties based on the specific circumstances of the case, ensuring fairness and justice in the adjudication process. en-us Wed, 08 Jun 2016 00:00:00 +0530 Fri, 08 Jul 2016 15:54:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329762 The Tribunal partly allowed the appeal by the appellant company, reducing the redemption fine to 5% of the assessable value and lowering the penalty to Rs. 1,00,000. The appeals filed by the four individuals were also allowed, with the penalties imposed on them being waived. The judgment aimed to balance the imposition of fines and penalties based on the specific circumstances of the case, ensuring fairness and justice in the adjudication process. Case-Laws Customs Wed, 08 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329762