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TMI Blog2014 (8) TMI 124X X X X Extracts X X X X X X X X Extracts X X X X ..... he Customs Act read with section 3(3) FT (D&R) Act 1993. To that extent, I uphold the order of the adjudicating authority. However, the redemption fine imposed by the adjudicating authority is reduced to ₹ 40,000/- (Rupees Forty thousand only) and penalty is reduced to ₹ 20,000 - Decided partly in favour of Revenue. - C/501/2005-SM - FINAL ORDER No.40104/2014 - Dated:- 7-2-2014 - Ma ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and allowed to be redeemed on payment of a fine of ₹ 80,000/-. Further a penalty of ₹ 30,000/- was imposed under section 112(a) of Customs Act, 1962. 2. Aggrieved by the order, the respondent filed an appeal with Commissioner (Appeals). The Commissioner (Appeals) set aside the fine and penalty relying on the decision of Larger Bench of the Tribunal in Atul Commodities - 2005-TIOL-47 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g imposed as redemption fine and a corresponding penalty was being imposed. Therefore the fine and penalty imposed as per adjudication order is very high and leniency should be shown at the time of deciding this appeal of the Revenue. 6. I have considered submissions on both sides. Legally, I find merit in the argument of Ld. AR for Revenue. Since the goods were old and used parts of photocopie ..... X X X X Extracts X X X X X X X X Extracts X X X X
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