2004 (10) TMI 507

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..... The impugned adjudication order has been passed pursuant to an order of remand passed by this Tribunal. The direction contained in that impugned order was that redemption fine should be re-fixed taking into account the market price of the goods as well as the legal position. 2. In the remand proceedings, the Commissioner has reduced the redemption fine from Rs. 10 Lakhs to Rs. 7.25 Lakhs. The c .....

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..... s below the floor price. 3. The learned DR has submitted that the Commissioner has rightly imposed the redemption fine since the import price was not above the market price minus customs duty. 4. The ceiling mentioned in Section 125 of the Customs Act is the upper limit for redemption fine, while the fine itself is to be fixed keeping in mind the facts and circumstances of the case. The appell .....

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