2015 (10) TMI 1096

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....r the Respondent : Shri Nishant Mishra, Advocate Judgment This is an appeal at the instance of the Revenue under section 130 of Customs Act, 1962 against the order of Tribunal dated 04.07.2014 passed in Customs Appeals No. 60023 and 60024 of 2013 CU(DB). This appeal has been reported being time barred by 55 days. Sri Nishant Misra, Advocate, has put in appearance on behalf of respondents.....

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....s. 1 Crore to Rs. 10 Lakhs under section 114 (i), 114 AA of Customs Act, 1962 and from Rs. 10 Lakhs to Rs. 50,000/- respectively. From perusal of the record, it is found that while reducing the quantum of the penalty imposed upon the respondents No. 1, the Tribunal has not only considered the quantum of the sugar which was exported, but also the various factors including the profitability which....