https://www.taxtmi.com/caselaws?id=375264 The Tribunal partially allowed the appeals filed by the individuals, reducing the redemption fine from Rs. 25 lakhs to Rs. 15 lakhs and lowering the penalties from Rs. 10 lakhs to Rs. 5 lakhs each. The revenue's appeals were dismissed, maintaining the redemption of the confiscated gold. The judgment highlighted the significance of explaining the acquisition of goods and considering profit margins in trade-related penalties. en-us Wed, 13 Feb 2019 00:00:00 +0530 Sat, 16 Feb 2019 06:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375264 The Tribunal partially allowed the appeals filed by the individuals, reducing the redemption fine from Rs. 25 lakhs to Rs. 15 lakhs and lowering the penalties from Rs. 10 lakhs to Rs. 5 lakhs each. The revenue's appeals were dismissed, maintaining the redemption of the confiscated gold. The judgment highlighted the significance of explaining the acquisition of goods and considering profit margins in trade-related penalties. Case-Laws Customs Wed, 13 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375264