https://www.taxtmi.com/caselaws?id=48712 The Tribunal, by majority view, directed the adjudicating authority to recalculate the redemption fine based on the market price at the date of importation, aligning with the law. The Tribunal emphasized considering extenuating circumstances and the bona fide conduct of the importer while ensuring judicial discretion under Section 125 of the Customs Act is exercised fairly. The appeal was disposed of with this directive, overriding dissenting opinions that suggested using the market price at the time of passing the order. en-us Thu, 17 Dec 1992 00:00:00 +0530 Fri, 10 Nov 2023 13:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=48712 The Tribunal, by majority view, directed the adjudicating authority to recalculate the redemption fine based on the market price at the date of importation, aligning with the law. The Tribunal emphasized considering extenuating circumstances and the bona fide conduct of the importer while ensuring judicial discretion under Section 125 of the Customs Act is exercised fairly. The appeal was disposed of with this directive, overriding dissenting opinions that suggested using the market price at the time of passing the order. Case-Laws Customs Thu, 17 Dec 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=48712