2010 (9) TMI 290

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..... Shri R.K. Gupta, SDR, for the Respondent. [Order]. - Heard both sides. 2. The appellant's premises was visited by the officers on 5-8-2004 and they found 375.29 Sqm. of marble slabs valued at Rs. 3,72,839/- in excess and the same were confiscated by the original authority with an option to redeem the same on payment of fine of Rs. 50,000/- which stands upheld by the Commissioner (Appeals .....

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..... ods are liable for confiscation and penalty is also warranted. 7.  However considering that the appellant is a 100% EOU and considering the nature of violation, I deem it proper to reduce the redemption fine from Rs. 50,000/- to Rs. 20,000/- (Rupees Twenty thousand only) and the penalty from Rs. 5000/- to Rs. 2000/-(Rupees Two thousand only). 8.The appeal is accordingly disposed off. (Dic .....

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