2002 (2) TMI 563

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....hma Deva, Member (J)]. - This is an appeal filed by the appellants, M/s. Silk Lines, with reference to the impugned order dated 17-4-97 passed by the Commissioner of Customs, Bangalore. 2. Shri Lakshminarayan, learned Advocate arguing for the appellants submitted that he is not questioning the duty liability in this case, nevertheless the imposition of penalty under Section 125 of the Cust....

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....n fine in lieu of confiscation is being penalised. In fact the option given to the claimant of the goods to redeem the goods on payment of redemption fine in lieu of confiscation is being penalised. In fact the option given to the claimant of the goods to redeem it on payment of fine is based on principle of equity and fairness. It will be a mistake to consider the fine payable in lieu of confisca....