https://www.taxtmi.com/caselaws?id=53167 The tribunal upheld the confiscation of 18,716 ball bearings under Section 111(d) of the Customs Act due to illegal acquisition and smuggled nature. The redemption fine of Rs. 10 lakhs imposed under Section 125 was set aside for lack of opportunity to contest market enquiry results. The penalty on M/s. Beer Auto Store was reduced to Rs. 1 lakh, while the penalty on Shri Taranjeet Singh was set aside. Appeal No. 580/2001 was disposed of accordingly, and Appeal No. 581/2001 was allowed with the penalty on Shri Taranjeet Singh being set aside. en-us Wed, 21 Apr 2004 00:00:00 +0530 Mon, 11 Oct 2010 13:12:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53167 The tribunal upheld the confiscation of 18,716 ball bearings under Section 111(d) of the Customs Act due to illegal acquisition and smuggled nature. The redemption fine of Rs. 10 lakhs imposed under Section 125 was set aside for lack of opportunity to contest market enquiry results. The penalty on M/s. Beer Auto Store was reduced to Rs. 1 lakh, while the penalty on Shri Taranjeet Singh was set aside. Appeal No. 580/2001 was disposed of accordingly, and Appeal No. 581/2001 was allowed with the penalty on Shri Taranjeet Singh being set aside. Case-Laws Customs Wed, 21 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53167