https://www.taxtmi.com/caselaws?id=337385 The Tribunal upheld the adjudicating authority's decision on the assessable value violation but found the redemption fine excessive. The usual redemption fine of 20% of the enhanced value was reduced from 11 lakhs to 4 lakhs. The penalty of 50,000 imposed on the appellant was upheld. The appeal was disposed of by reducing the redemption fine to 4 lakhs and maintaining the penalty. en-us Thu, 03 Nov 2016 00:00:00 +0530 Mon, 09 Jan 2017 08:23:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337385 The Tribunal upheld the adjudicating authority's decision on the assessable value violation but found the redemption fine excessive. The usual redemption fine of 20% of the enhanced value was reduced from 11 lakhs to 4 lakhs. The penalty of 50,000 imposed on the appellant was upheld. The appeal was disposed of by reducing the redemption fine to 4 lakhs and maintaining the penalty. Case-Laws Customs Thu, 03 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337385