https://www.taxtmi.com/caselaws?id=50718 The Tribunal found that no redemption fine could be imposed on unavailable goods. It acknowledged the diversion of raw materials to the domestic market but reduced the penalty from Rs. 13,29,073 to Rs. 4,50,000, considering the circumstances. The appellant was directed to deposit the balance amount of Rs. 3,50,000, with the penalty reduction based on the specific case details and legal precedents cited. en-us Wed, 08 Aug 2001 00:00:00 +0530 Wed, 25 Aug 2010 15:46:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50718 The Tribunal found that no redemption fine could be imposed on unavailable goods. It acknowledged the diversion of raw materials to the domestic market but reduced the penalty from Rs. 13,29,073 to Rs. 4,50,000, considering the circumstances. The appellant was directed to deposit the balance amount of Rs. 3,50,000, with the penalty reduction based on the specific case details and legal precedents cited. Case-Laws Customs Wed, 08 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50718