https://www.taxtmi.com/caselaws?id=447794 Redemption fine for confiscated imported goods must be proportionate, non-arbitrary, and within the statutory ceiling of market value less duty payable. Where valuation is not disputed and the fine is excessive on admitted facts, reduction is warranted; the fine was reduced accordingly. Penalty for improper import remains sustainable where the importer accepted enhancement of value and did not specifically challenge the finding of improper import. As no basis for complete waiver was established, the reduced penalty was maintained. The challenge therefore succeeded only on the quantum of redemption fine. en-us Wed, 03 Jan 2024 00:00:00 +0530 Fri, 05 Jan 2024 08:46:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447794 Redemption fine for confiscated imported goods must be proportionate, non-arbitrary, and within the statutory ceiling of market value less duty payable. Where valuation is not disputed and the fine is excessive on admitted facts, reduction is warranted; the fine was reduced accordingly. Penalty for improper import remains sustainable where the importer accepted enhancement of value and did not specifically challenge the finding of improper import. As no basis for complete waiver was established, the reduced penalty was maintained. The challenge therefore succeeded only on the quantum of redemption fine. Case-Laws Customs Wed, 03 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447794