https://www.taxtmi.com/caselaws?id=423372 The tribunal partially allowed the appeal by reducing the penalty amount imposed on the appellant to Rs. 50,000 under Section 112(b) of the Customs Act. The confiscation of the tug M.T. Mansi and the imposition of a redemption fine were upheld due to the owner's involvement in smuggling activities, including delivering smuggled goods to another vessel. The tribunal affirmed the tug owners' liability for using the tugs in smuggling operations, leading to confiscation under Section 115 of the Customs Act. The valuation for the redemption fine conducted by M/s. Esvee Associates was deemed appropriate, ensuring the tug's release upon payment of the fine. en-us Fri, 04 Mar 2022 00:00:00 +0530 Mon, 06 Jun 2022 08:27:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423372 The tribunal partially allowed the appeal by reducing the penalty amount imposed on the appellant to Rs. 50,000 under Section 112(b) of the Customs Act. The confiscation of the tug M.T. Mansi and the imposition of a redemption fine were upheld due to the owner's involvement in smuggling activities, including delivering smuggled goods to another vessel. The tribunal affirmed the tug owners' liability for using the tugs in smuggling operations, leading to confiscation under Section 115 of the Customs Act. The valuation for the redemption fine conducted by M/s. Esvee Associates was deemed appropriate, ensuring the tug's release upon payment of the fine. Case-Laws Customs Fri, 04 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423372