https://www.taxtmi.com/forum/issue?id=114132 Penalty under section 114 is limited to an amount not exceeding the value of the goods, being the declared value or the value determined under the Act, whichever is greater. The redemption fine for provisional release under section 125 is discretionary and is fixed by the officer concerned as he deems fit. en-us Sun, 09 Sep 2018 01:37:49 +0530 Thu, 23 Jan 2025 15:55:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114132 Penalty under section 114 is limited to an amount not exceeding the value of the goods, being the declared value or the value determined under the Act, whichever is greater. The redemption fine for provisional release under section 125 is discretionary and is fixed by the officer concerned as he deems fit. Discussion-Forum Customs Sun, 09 Sep 2018 01:37:49 +0530 https://www.taxtmi.com/forum/issue?id=114132