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Issues:
1. Confiscation of goods and redemption fine imposed by the Collector of Customs, Calcutta. 2. Interpretation of import policy regarding Snap Fasteners. 3. Validity of redemption fine amount. Analysis: 1. The appeal was filed against an order by the Collector of Customs confiscating goods worth Rs. 95,751.00 (Snap Fasteners) and imposing a redemption fine of Rs. 70,000.00. The appellants imported the goods against three Import Licences but could only account for goods worth Rs. 3,336.00 under the licenses. The Department requested further licenses to cover the entire consignment, but the appellants failed to produce them, leading to the impugned order. 2. The appellants argued that the import policy did not restrict the import of Snap Fasteners to only 3% of the license value under Group 0.1. The Department, however, contended that under Appx. 17, Group 0, Snap Fasteners were limited to 3% of the license value with a maximum of Rs. 50,000. The Tribunal analyzed the policy and concluded that the import of Snap Fasteners should not exceed 3% of the license value, subject to a maximum of Rs. 50,000, as mentioned in the policy. 3. Regarding the redemption fine, the Collector acknowledged that the goods might not fetch a good price since the festival season was over. The Tribunal found the redemption fine of Rs. 70,000 to be excessive and reduced it to Rs. 30,000. Despite modifying the fine amount, the appeal was ultimately dismissed. The judgment highlighted the importance of adhering to import policies and the consequences of non-compliance under Section 111(d) of the Customs Act, 1962.
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