https://www.taxtmi.com/caselaws?id=49169 The Government allowed the redemption of gold and VCR seized from the applicant upon payment of fines and duties. The absolute confiscation was deemed excessive for duty evasion, considering the liberalization of gold import policies. The redemption fine for the gold was set at Rs. 4.00 lacs plus duty, while the VCR was allowed to be redeemed for Rs. 5,000. A personal penalty of Rs. 50,000 was upheld to deter future violations. en-us Mon, 24 Jan 1994 00:00:00 +0530 Thu, 12 Aug 2010 12:05:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49169 The Government allowed the redemption of gold and VCR seized from the applicant upon payment of fines and duties. The absolute confiscation was deemed excessive for duty evasion, considering the liberalization of gold import policies. The redemption fine for the gold was set at Rs. 4.00 lacs plus duty, while the VCR was allowed to be redeemed for Rs. 5,000. A personal penalty of Rs. 50,000 was upheld to deter future violations. Case-Laws Customs Mon, 24 Jan 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49169