https://www.taxtmi.com/caselaws?id=357794 The case involved the confiscation of goods and imposition of a Redemption Fine and penalty under Sections 112(a) and 112(b) of the Customs Act, 1962. The Tribunal adjusted the Redemption Fine of Rs. 7,00,000 and penalty of Rs. 5,00,000 against the sale proceeds of the confiscated goods. The original amounts were reduced to Rs. 4,00,000 and Rs. 1,00,000 respectively, based on excessive imposition. The impugned order was modified to reflect these adjustments, resolving the appeals and cross objections. en-us Thu, 12 Oct 2017 00:00:00 +0530 Fri, 30 Mar 2018 08:18:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357794 The case involved the confiscation of goods and imposition of a Redemption Fine and penalty under Sections 112(a) and 112(b) of the Customs Act, 1962. The Tribunal adjusted the Redemption Fine of Rs. 7,00,000 and penalty of Rs. 5,00,000 against the sale proceeds of the confiscated goods. The original amounts were reduced to Rs. 4,00,000 and Rs. 1,00,000 respectively, based on excessive imposition. The impugned order was modified to reflect these adjustments, resolving the appeals and cross objections. Case-Laws Customs Thu, 12 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357794