2001 (8) TMI 226

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....e to pay penalty despite they relinquishing the goods imported by them and not exercising the option to redeem the same by paying redemption fine. The Commissioner in the impugned order has clearly noted that the importers have abandoned the goods however he has further given a chance to them to redeem the goods on payment of fine of Rs. 2.5 lakhs. He has imposed penalty of Rs. 1.00 lakh under Sec....

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....on and hence penalty is leviable. 4. On a careful consideration of submission I notice that the issue was looked into by this Bench in the case of Peirce Leslie India Ltd. v. CC, Bangalore (supra) and the Tribunal has held in the cited case, that when the goods are abandoned and title is relinquished without redeeming the goods then in such a circumstance penalty is not imposable. I notice that t....