9911796707
TMI Blog2017 (6) TMI 927X X X X Extracts X X X X X X X X Extracts X X X X ..... rightly held liable for confiscation by the adjudicating authority. Quantum of redemption fine and penalty - Held that: - the value of goods as declared by the appellant is 1,29,63,498/- on which the redemption fine of 15,90,000/- has been imposed and the penalty of 10 Lac has been imposed - considering the quantum to be excessive, the redemption fine reduced to 13 Lacs - the penalty shall remain ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e, the redemption fine of ₹ 15,90,000/- and penalty of ₹ 10 Lac were imposed on the appellant. Aggrieved from the said order, the appellant is before me. 3. Heard the Ld. Counsel for the appellant stated that the goods were loaded by the labour wrong goods in the container. Therefore, it was a bona-fide mistake of the labour, there was no fault of the appellant. Therefore, the redempt ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he market value of the goods. Therefore, this Tribunal reduced the redemption fine, but in the case in hand, the value of goods as declared by the appellant is ₹ 1,29,63,498/- on which the redemption fine of ₹ 15,90,000/- has been imposed and the penalty of ₹ 10 Lac has been imposed. Following the precedent decision of the Mr. Vikram Bisht & others, I reduced the redemption fine ..... X X X X Extracts X X X X X X X X Extracts X X X X
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