2015 (10) TMI 2090

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..... ction of redemption fine and penalty - Held That:- Appellant cannot be allowed to retract from their admitted statements - Orders passed by Tribunal dismissing the appeal and rectification application do not suffer any error of jurisdiction or of law - Decided in favour of Revenue. - Customs Appeal No.32 - 39 of 2014 - - - Dated:- 9-10-2014 - Mr. Rajive Bhalla and Mr. Amit Rawal, JJ. For .....

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..... r the appellants and perused the impugned orders. A perusal of order dated 25.06.2012 (Annexure A-1) passed by the learned Tribunal, reveals that counsel representing the appellants gave up challenge to chargeability of duty and only prayed for reduction of redemption fine and penalty. The Tribunal, accordingly considered the argument and reduced redemption fine to 10% and penalty to 5%, of the .....

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..... of the order passed on the rectification application reveals that counsel representing the appellants, before the Tribunal, conceded that plea with respect to chargeability of duty was neither raised nor argued and the only plea raised during arguments in the appeal was one for reduction of redemption fine and penalty. The appellants having given up challenge to chargeability of duty before th .....

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