2017 (12) TMI 1181

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...., Consultant - for appellant Shri Ahibaran, Addl. Commr (AR) - for respondent ORDER Per: Dr. D.N. Panda Appellant's submission in these appeals is that although it did not obtain licence from D.G.F.T for export of certain consignment of graphite equipments, the goods exported shall not invite redemption fine and penalty of the value of goods mentioned against each export detailed as un....

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.... the adjudicating authority opined that the goods were classifiable according to their nature and character and export licencing was required for export, but that was not existing at the time of export, the exports made without such licence were confiscable under section 113 of the Customs Act, 1962. However the goods not being prohibited, redemption option was grantable under section 125 of the C....

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....redemption fine of Rs. 1,02,24,680/- in aggregate imposed, survey was made to find out as to whether such imposition was excessive or unreasonable. Appellant prays to grant concession thereof at this stage. 7. Keeping in view the provisions of Section 125 of the Customs Act, 1962 and market value of the goods exported as well as the value declared by appellant, imposition of redemption at the r....