https://www.taxtmi.com/caselaws?id=367201 The Tribunal allowed the appeals partly, reducing the redemption fine to Rs. one lac in each case and dropping the penalties in all three appeals. The impugned order was found lacking consideration of the margin of profit, leading to the reduction in fines based on previous judgments and the discretionary nature of Section 125 of the Customs Act, 1962. The Tribunal deemed the imposed fines excessive and unsustainable, emphasizing the need for judicious exercise of discretion in imposing fines. en-us Wed, 12 Sep 2018 00:00:00 +0530 Mon, 17 Sep 2018 06:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367201 The Tribunal allowed the appeals partly, reducing the redemption fine to Rs. one lac in each case and dropping the penalties in all three appeals. The impugned order was found lacking consideration of the margin of profit, leading to the reduction in fines based on previous judgments and the discretionary nature of Section 125 of the Customs Act, 1962. The Tribunal deemed the imposed fines excessive and unsustainable, emphasizing the need for judicious exercise of discretion in imposing fines. Case-Laws Customs Wed, 12 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367201