2015 (3) TMI 554

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..... pted to be exported. Without touching the value, we only look into the quantum of redemption fine and penalty. Considering the mis-declared value, it appears that the redemption fine of ₹ 15 lakhs imposed in adjudication is on a higher side. Therefore, considering the nature of the goods involved normal profits attributable to the goods and the life of such goods, we reduce the redemption fi .....

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..... e calls for a negative answer for the reason that no court has power to legalise an illegality reducing mis-declared value to the actual market value of goods in the container attempted to be exported. Without touching the value, we only look into the quantum of redemption fine and penalty. Considering the mis-declared value, it appears that the redemption fine of ₹ 15 lakhs imposed in adjud .....

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