https://www.taxtmi.com/caselaws?id=789249 Penalty under an EPCG licence breach was held not sustainable where the importer had already paid the duty and interest; on that basis, the penalty was set aside. The redemption fine was also found excessive because no basis had been stated for fixing it, and it was reduced accordingly. The document records partial relief to the assessee on both the penalty and fine issues. en-us Wed, 18 Mar 2026 00:00:00 +0530 Mon, 06 Apr 2026 08:51:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789249 Penalty under an EPCG licence breach was held not sustainable where the importer had already paid the duty and interest; on that basis, the penalty was set aside. The redemption fine was also found excessive because no basis had been stated for fixing it, and it was reduced accordingly. The document records partial relief to the assessee on both the penalty and fine issues. Case-Laws Customs Wed, 18 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789249