Redemption Fine Reduced: Rs. 20 Lakhs Slashed to Rs. 50,000 for Undervaluation of Imported Goods Worth Rs. 86,541.

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....Imposition of Redemption Fine and Penalty disproportionately - Valuation of imported goods - Taking note of the fact that as per the impugned order itself if it is a case of undervaluation, undervaluation is only of Rs. 86,541/-. Redemption filed of Rs. 20 Lakhs needs to be reduced consequently - the same is reduced to Rs. 50,000/-. - AT....