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2000 (10) TMI 388 - AT - Customs

The Appellate Tribunal CEGAT, Mumbai allowed the appeal in part by reducing the redemption fine from Rs. 9.00 lacs to Rs. 7.00 lacs for imported consumer goods such as toasters and calculators valued at Rs. 25.65 lacs. The appellant's plea for reduction was based on long storage causing drop in goods' value and incurred detention charges.

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