https://www.taxtmi.com/caselaws?id=48205 Where a confiscation fine or penalty provision prescribes only a maximum limit, the appellate authority may fix the quantum in its discretion, and interference is justified only if the figure is arbitrary, whimsical, or perverse. Applying that standard, the High Court upheld the Tribunal's reduction of redemption fine under Section 125 of the Customs Act and its reduction of penalty under Section 112(a), holding that both were consistent with its earlier approach in similar matters. No substantial question of law arose, and the Revenue's challenge failed. en-us Thu, 31 Jan 2008 00:00:00 +0530 Sat, 13 Dec 2014 17:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=48205 Where a confiscation fine or penalty provision prescribes only a maximum limit, the appellate authority may fix the quantum in its discretion, and interference is justified only if the figure is arbitrary, whimsical, or perverse. Applying that standard, the High Court upheld the Tribunal's reduction of redemption fine under Section 125 of the Customs Act and its reduction of penalty under Section 112(a), holding that both were consistent with its earlier approach in similar matters. No substantial question of law arose, and the Revenue's challenge failed. Case-Laws Customs Thu, 31 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=48205