2012 (3) TMI 184

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..... from Rs.1 lakh to Rs.20,000/- Decided in favor of assessee - C/90/2010 - - - Dated:- 27-2-2012 - Mr.M.V. Ravindran, Mr. B.S.V. Murthy, JJ. Shri P.V. Sheth, Adv.: for Assessee. Shri R. Nagar, A.R.: for the Revenue. Per: M.V. Ravindran: This appeal is filed against the Order-in-Appeal No. 485/2009/Cus/ Commr(A)/KDL, dt.11.11.2009. 2. Heard both sides and perused the rec .....

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..... ppeal was partially allowed by the first appellate authority by reducing the redemption fine from Rs.3 lakhs to Rs.60,000/-, on the ground that 80% of the consignment was removed without asking for any bond or any bank guarantee or there was no provisional assessment. The first appellate authority also upheld the penalty of Rs.1 lakh. 4. Ld.Counsel submits that they would like to dispose the a .....

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