2015 (10) TMI 1908

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..... ant liable to return back the drawback claimed - Redemption fine reduced to ₹ 50,000/- - No penalty charged on importer as the case involves interpretation of law - Decided in favour of assessee. - Customs Appeal No. C/716 & 788 /2008-CU[DB] - Final Order No. 50611-50612 - Dated:- 12-2-2014 - Mr. D.N. Panda, Judicial Member and Mr. Manmohan Singh, Technical Member, JJ. For the Petit .....

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..... cy if any shall be made. So far as the imposition of redemption fine is concerned, the export being under an incentive Scheme with undertaking the law is well settled that any export made under such scheme or under a bond, redemption fine is imposable for violation of law. However, considering totality of facts and circumstances of the case, the redemption fine is reduced to ₹ 1.00 Lakh. So .....

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