Court Adjusts Redemption Fine to Rs. 20,000 for Undervalued Goods; Initial Fine Found Excessive Relative to Duty Evaded.

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....As the redemption fine as a general principle has a nexus with the margin of profit and the goods were otherwise freely importable, we find the redemption fine to be excessive in the wake of the facts that the duty evaded due to undervaluation was only ₹ 13,103/-. - redemption fine of ₹ 20,000/- is reasonable - AT....