2017 (3) TMI 1114

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..... ty of 15% of the re-determined assessable value - The redemption fine imposed is correct - the penalty imposed seems to be excessive. In the interest of justice, the penalty reduced from ₹ 4 lakhs to ₹ 1 lakh - appeal disposed off - decided partly in favor of appellant. - C/734/2008, C/MA(Ors.)-92916/2015 - A/85995/17/SMB - Dated:- 25-1-2017 - Shri M V Ravindran, Member (Judicial) .....

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..... r disposal in the absence of any representation on behalf of the appellant. Heard the learned Authorised Representative and perused the grounds of appeal. 5. The issue that arises in this case is whether the appellant was correctly penalised under the provisions of Section 112(a) of the Customs Act, 1962 or otherwise and whether the goods were confiscated correctly and the consequent redemption .....

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..... ribunal was that they were not aware as to the point of law whether licence fee has to be included in the valuation of the goods which are imported. The assessable value was re-determined by the adjudicating authority. He also ordered confiscation of the goods under section 111(m) of the Customs Act, 1962 with option to redeem the same on payment of redemption fine of ₹ 5 lakhs and imposed p .....

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