https://www.taxtmi.com/caselaws?id=331688 The Tribunal dismissed the appeals filed by the Revenue seeking enhancement of the redemption fine imposed in cases related to the import of Marble. Despite arguments by the Revenue for an increase based on profit margins, the Tribunal found the penalty already significantly increased, aligning it with the margin. Referring to a previous case upheld by the Supreme Court, the Tribunal maintained the penalty and redemption fine, concluding that further enhancement was unnecessary. The decision emphasized adherence to the margin requirement and precedent established by the Supreme Court. en-us Thu, 28 Jul 2016 00:00:00 +0530 Tue, 30 Aug 2016 20:59:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331688 The Tribunal dismissed the appeals filed by the Revenue seeking enhancement of the redemption fine imposed in cases related to the import of Marble. Despite arguments by the Revenue for an increase based on profit margins, the Tribunal found the penalty already significantly increased, aligning it with the margin. Referring to a previous case upheld by the Supreme Court, the Tribunal maintained the penalty and redemption fine, concluding that further enhancement was unnecessary. The decision emphasized adherence to the margin requirement and precedent established by the Supreme Court. Case-Laws Customs Thu, 28 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331688