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Issues Involved: Import of marble without a valid license, determination of fines and penalties, calculation of margin of profit, consideration of redemption fines, adjustment of additional expenditures incurred during importation.
In the present case, the appellants imported marble under 8 Bills of Entry with varying declared prices. Initially seeking clearance under Advance Licences, they later withdrew the request. Due to the consignment's value being below the floor price, a valid import license was required. The Commissioner found the goods were imported without a valid license, leading to confiscation, redemption fines, and penalties imposed on the importers. The appellants' counsel acknowledged the lack of a valid license but contested the basis for price loading. Despite not challenging the enhanced value, he argued that the fines and penalties imposed were excessive. On the other hand, the Revenue representative supported the Commissioner's profit margin calculation, citing Section 125 of the Act allowing fines up to the market value of the goods. Upon review, the Tribunal considered previous cases involving similar goods to determine fines in lieu of confiscation. Discrepancies in the Commissioner's order were noted, particularly in the calculation of the margin of profit and the adoption of market value. Additionally, the appellants requested adjustments for demurrage and conversion expenses, some of which were deemed excessive by the Tribunal. Based on the law and precedents, the Tribunal reduced the fines and penalties in both appeals, setting them at Rs. 35 lakhs and Rs. 8 lakhs for one appeal, and Rs. 4 lakhs and Rs. 1 lakh for the other. The appeals were disposed of accordingly, with consequential reliefs granted as per the law.
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