Tribunal Rules: Redemption Fine Under Customs Act Section 115 Cannot Exceed Value of Smuggled Goods or Conveyance.

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....Imposition of redemption fine in lieu of confiscation of conveyance - the Tribunal, on a correct interpretation of the proviso to sub-section (2) of section 115 of the Act of 1962 has held that the maximum fine on the conveyance cannot exceed the value of goods sought to be smuggled or the smuggled goods. - HC....