https://www.taxtmi.com/caselaws?id=340327 Redemption fine and penalty on import of second-hand multi-functional copiers and printers were examined on the basis of the material available, including an asserted market enquiry and a 37.8% margin of profit used to fix monetary consequences. As the supporting data for the enquiry was not disclosed and the amounts were considered excessive, both levies were moderated. The redemption fine was reduced to Rs. 13 lakhs and the penalty to Rs. 6 lakhs, while the enhanced value and differential duty were left unchanged. en-us Wed, 01 Feb 2017 00:00:00 +0530 Mon, 20 Mar 2017 10:12:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340327 Redemption fine and penalty on import of second-hand multi-functional copiers and printers were examined on the basis of the material available, including an asserted market enquiry and a 37.8% margin of profit used to fix monetary consequences. As the supporting data for the enquiry was not disclosed and the amounts were considered excessive, both levies were moderated. The redemption fine was reduced to Rs. 13 lakhs and the penalty to Rs. 6 lakhs, while the enhanced value and differential duty were left unchanged. Case-Laws Customs Wed, 01 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340327