https://www.taxtmi.com/caselaws?id=52518 Challenge to valuation loading under the Customs Valuation Rules was expressly not pressed, so no merits adjudication was required on that point. For confiscated old and used diesel engines, redemption fine under the Customs Act must be aligned with market price, margin of profit and applicable administrative norms, and any upward departure requires recorded special reasons; the fine was therefore reduced within the normative framework. In light of the reduced fine and the nature of the import, the importer's penalty was also moderated to maintain proportionality. Confiscation was sustained, but the monetary consequences were substantially reduced. en-us Wed, 10 Dec 2003 00:00:00 +0530 Wed, 06 Oct 2010 12:29:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52518 Challenge to valuation loading under the Customs Valuation Rules was expressly not pressed, so no merits adjudication was required on that point. For confiscated old and used diesel engines, redemption fine under the Customs Act must be aligned with market price, margin of profit and applicable administrative norms, and any upward departure requires recorded special reasons; the fine was therefore reduced within the normative framework. In light of the reduced fine and the nature of the import, the importer's penalty was also moderated to maintain proportionality. Confiscation was sustained, but the monetary consequences were substantially reduced. Case-Laws Customs Wed, 10 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52518