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TMI Blog2008 (11) TMI 557X X X X Extracts X X X X X X X X Extracts X X X X ..... nt. [Order per : M.V. Ravindran, Member (T) (Oral)]. - This appeal is directed against Order-in-Original No. F. No. S/26-CAR-44/2001 VB dated 28-3-2001 passed by the Commissioner of Customs (Import), Mumbai. 2. The relevant fact that arises for consideration is that the appellant herein imported a car under the Transfer of Residence facility. He sought the clearance of the said car witho ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ction 125 of the Customs Act, 1962 and imposed a penalty of Rs. 3 lakh under Section 112(a) of the Customs Act 1962. 3. The learned counsel appearing for the appellant submits that appellant honestly informed the authority that he want to go abroad for a job, hence, he surrendered the right of Transfer of Residence Facility and discharged the duty liability. Today, it is his submission that rede ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to be imposed. 6. On a very careful consideration, we find that the imposition of redemption fine of Rs. 7 lakh and penalty of Rs. 3 lakh is excessive, in the facts and circumstances of the case. In the interest of justice, we find that the same needs to be reduced. Accordingly, the redemption fine imposed on the appellant is reduced to Rs. 1,00,000/- (Rupees One Lakh Only) and penalty imposed ..... X X X X Extracts X X X X X X X X Extracts X X X X
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