2015 (8) TMI 289

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....or the Appellant. Shri Subramonium Prasad, Manav Vohra, Ms. Neha Aggarwal, Ms. Nisha Bagchi and Rajiv Dalal, Advocates, for the Respondent. ORDER In these appeals preferred by the Department the only issue pertains to penalty. The adjudicating authority had imposed the penalty of Rs. 2,11,20,918/- under Section 114A of the Customs Act, 1962, on the appellant. Keeping in view that same was....

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....scation order passed by the Customs Authorities and levy of duty which was payable has been upheld by the Tribunal. Even the redemption fine of Rs. 25 lakhs is maintained by the Tribunal. However, when it came to the question of penalty the Tribunal has reduced the said amount of Rs. 50 lakhs. We find that in taking this course of action the only justification given by the Tribunal is that the pen....