2026 (6) TMI 775

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....he Appellant(s): Mr. Ashish Batra, AOR. For the Respondent(s): None. ORDER 1. The Appeal has impugned order dated 15.05.2026 of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi, insofar as it has maintained redemption fine of Rs. 50 lacs imposed by the adjudicating authority, even in the event of availing option to re-export the confiscated goods. The composite p....

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....the confiscated goods on payment of fine and penalties. 31. In the above peculiar facts, a case for reducing the penalties is made out. The redemption fine of Rs. 50 Lakhs is however maintained. A composite penalty of Rs. 50 Lakhs under Section 112(a) and 112(b) is reduced to Rs. 10 Lakhs. The penalty under Section 114AA is reduced from Rs. 2 Crores to Rs. 50 Lakhs. The Appellant would be....