2014 (6) TMI 784

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..... fender insofar as they have imported the same goods on 30.10.2005, 27.12.2006, 26.3.2007 and 6.6.2007 as evident from the impugned order. Considering this fact, I do not find any reason for reduction in the quantum of redemption fine. However, considering the overall facts and circumstances, the penalty is reduced to Rs.2,50,000 - Decided partly in favour of assessee. - C/27/2008 - Final Order No .....

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..... 2. The learned counsel on behalf of the appellant submits that they are not challenging the valuation and the licensing part. He fairly submits that this Tribunal consistently reduced the redemption fine and penalty to 15% and 5% respectively of the value. He relied upon the following decisions:- (a) Commissioner of Customs, Tuticorin Vs. Sai Copiers 2008 (226) ELT 486 (Mad.) (b .....

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..... ssions of both sides and on perusal of the records, I find that there is no dispute regarding the undervaluation and violation of the EXIM Policy. The dispute relates to quantum of redemption fine and penalty. I find that the Hon'ble Madras High Court in the case of Sai Copiers (supra) rejected the appeal of the Revenue whereby the Tribunal reduced the amount of penalty and redemption fine to .....

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