https://www.taxtmi.com/caselaws?id=795402 Redemption fine for confiscated old and used multifunctional devices was assessed under the Tribunal's settled approach for comparable imports, which ordinarily calibrates redemption fine at 10% and penalty at 5% of the relevant value. Applying that approach, the redemption fine was restricted to 10% of the goods' value. As the penalties already remained below the applicable benchmark, they were retained. The issue was decided partly in favour of the assessee. en-us Fri, 03 Jul 2026 00:00:00 +0530 Wed, 22 Jul 2026 08:48:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795402 Redemption fine for confiscated old and used multifunctional devices was assessed under the Tribunal's settled approach for comparable imports, which ordinarily calibrates redemption fine at 10% and penalty at 5% of the relevant value. Applying that approach, the redemption fine was restricted to 10% of the goods' value. As the penalties already remained below the applicable benchmark, they were retained. The issue was decided partly in favour of the assessee. Case-Laws Customs Fri, 03 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795402