2013 (12) TMI 402

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..... case, where Rs. 10,000/- worth of goods have been absolutely confiscated, a penalty of Rs. 1,000/- amounting to 10% of the value of goods is adequate as the absolutely confiscated goods also vest in the government - decided against Revenue. - C/147/2010 - Final Order No. 622/2011 - Dated:- 1-6-2011 - Dr. Chittaranjan Satapathy, J. Shri C. Rangaraju, SDR, for the Appellant. None, for the .....

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..... that a minimum penalty of Rs. 5,000/- has been prescribed under Section 112(b) of the Act. 3. It is well settled that Section 112 does not provide for any mandatory minimum penalty as has been done under Section 114A of the Customs Act, 1962. The limits prescribed under the said Section 112 are only the upper limits. In a case, where Rs. 10,000/- worth of goods have been absolutely confiscated, .....

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