2017 (2) TMI 1262

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..... scation. Since a question is raised by the learned Counsel that the goods were imported as baggage confiscation seems to incorrect, the appellant herein did not make the declaration of the contents of baggage and was diverted from Green Channel to the Red Channel and consignment of Palladium plates and Iridium powder was detected; as there was wrong declaration of value of consignment and the impu .....

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..... rity in this case, by the impugned order has examined the same and arrived at value of 5.7 kgs of Palladium Plates and 6 kgs of Iridium Powder on the market enquiries made. The adjudicating authority has held that goods are liable for confiscation and did so under Section 111(d) (l) of Customs Act, 1962 with the option to redeem the same on payment of a redemption fine of ₹ 7,00,000/- unde .....

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..... alue of consignment and the impugned order is correctly held as liable for confiscation, and I uphold the impugned order. However, the adjudicating authority has imposed redemption fine of ₹ 7,00,000/- in lieu of confiscation of goods which in my considered opinion, seems to be excessive looking the value of consignment being ₹ 24,00,000/-. The ends of justice, redemption fine is reduc .....

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