9911796707
TMI Blog2017 (5) TMI 647X X X X Extracts X X X X X X X X Extracts X X X X ..... f. Redemption fine - the depreciation has occurred so the value has gone down, being the old goods, request made for reduction of quantum of redemption fine - Held that: - we modify the impugned order and reduced the redemption fine to ₹ 15 lakhs only. The appellant will get the partial relief. Appeal allowed - decided partly in favor of appellant. - E/56645/2013-DB - Final Order No. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... goods clandestinely. On 25.3.2011, search was conducted and goods were seized. The duty demand was made for ₹ 34,75,242/-, along with the penalty and redemption fines. Being aggrieved, the appellant has filed the present appeal. 3. With this background, we have heard Shri V.R. Sethi and Shri H.C. Saini, ld. Counsels for the parties and perused the record. 4. The ld. Counsel for the app ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... assessee will get the partial relief. 7. The second grievance of the appellant is that the goods were seized and redemption fine of ₹ 20 lakhs was imposed but the same was reduced by the Commissioner (Appeals) to ₹ 19 lakhs. He submits that the goods are still in the supardari/custody of the department but depreciated. He submits that depreciation has occurred so the value has gone ..... X X X X Extracts X X X X X X X X Extracts X X X X
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