https://www.taxtmi.com/caselaws?id=339987 The Tribunal upheld the impugned order's determination of a redemption fine of Rs. 12,50,000 and penalty of Rs. 1,90,000 under section 112 of the Customs Act, 1962, for the importation of 'other calcareous stones' without a valid license. Despite the appellant's argument regarding compliance with a previous Tribunal order, the Tribunal found no reason to interfere, considering the nature of the goods and the calculation based on a profit margin of 50% of the CIF value. The appeal was rejected, and the decision was pronounced on 14/02/2017, disposing of the cross-objection. en-us Tue, 14 Feb 2017 00:00:00 +0530 Mon, 13 Nov 2017 16:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339987 The Tribunal upheld the impugned order's determination of a redemption fine of Rs. 12,50,000 and penalty of Rs. 1,90,000 under section 112 of the Customs Act, 1962, for the importation of 'other calcareous stones' without a valid license. Despite the appellant's argument regarding compliance with a previous Tribunal order, the Tribunal found no reason to interfere, considering the nature of the goods and the calculation based on a profit margin of 50% of the CIF value. The appeal was rejected, and the decision was pronounced on 14/02/2017, disposing of the cross-objection. Case-Laws Customs Tue, 14 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339987