Revenue's appeal dismissed; Commissioner (Appeals) rightly reduced redemption fine on undervalued imported goods to 10%.

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....Valuation of imported goods - Used tyres - rejection of declared value - It is settled position in law that it is the discretion of the authority deciding to determine the quantum and fine and penalty as per the gravity of the offence involved. - There are no merits in the appeal filed by Revenue challenging the order of Commissioner (Appeals) whereby he has reduced the redemption fine equivalent to 10% of undervaluation and which is in accordance with the order of Bangalore CESTAT - AT....