https://www.taxtmi.com/caselaws?id=336380 The Tribunal found the redemption fine of &8377; 1.00 Lakh imposed by the Adjudicating authority to be grossly inadequate and enhanced it to &8377; 25.00 Lakhs under Section 125 of the Customs Act, 1962, due to the substantial profit margin obtained from the sale of the seized goods. The Appeals filed by the Revenue were allowed, increasing the redemption fine to ensure appropriate penalties in line with the Customs Act, 1962. en-us Thu, 08 Sep 2016 00:00:00 +0530 Mon, 06 Feb 2017 13:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336380 The Tribunal found the redemption fine of &8377; 1.00 Lakh imposed by the Adjudicating authority to be grossly inadequate and enhanced it to &8377; 25.00 Lakhs under Section 125 of the Customs Act, 1962, due to the substantial profit margin obtained from the sale of the seized goods. The Appeals filed by the Revenue were allowed, increasing the redemption fine to ensure appropriate penalties in line with the Customs Act, 1962. Case-Laws Customs Thu, 08 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336380