2017 (8) TMI 878

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..... d, we are of the opinion that the redemption fine and penalties are high and requires interference - the quantum of redemption fine and penalty reduced - appeal allowed - decided in favor of appellant. - C/150, 154, 157, 307/2007 - 40975-40978/2017 - Dated:- 16-6-2017 - Ms. Sulekha Beevi C.S., Member (Judicial) And Shri V. Padmanabhan, Member (Technical) Shri A.K. Jayaraj, Advocate for th .....

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..... (In Rs.) Enhanced Redemption fine (In Rs.) Enhanced Penalty (In Rs.) C/150/2007 23,21,942/- 4,50,000/- 3,50,000/- C/154/2007 31,53,728/- 6,50,000/- 4,50,000/- C/157/2007 20,38,033/- .....

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..... ating the evidence before us, we find that the redemption fine and penalties are reduced in each of the appeals, which is shown as under:- Appeal No. Enhanced Value (In Rs.) Reduced Redemption fine (In Rs.) Reduced Penalty (In Rs.) C/150/2007 23,21,942/- 3,50,000/- .....

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