9911796707
TMI Blog2017 (12) TMI 1181X X X X Extracts X X X X X X X X Extracts X X X X ..... Ahibaran, Addl. Commr (AR) - for respondent ORDER Per: Dr. D.N. Panda Appellant's submission in these appeals is that although it did not obtain licence from D.G.F.T for export of certain consignment of graphite equipments, the goods exported shall not invite redemption fine and penalty of the value of goods mentioned against each export detailed as under:- Sl. No. Value of Goods Exported Rs ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ure and character and export licencing was required for export, but that was not existing at the time of export, the exports made without such licence were confiscable under section 113 of the Customs Act, 1962. However the goods not being prohibited, redemption option was grantable under section 125 of the Customs Act, 1962. Ld. Authority was rightly done that. Consequently he imposed penalties c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... whether such imposition was excessive or unreasonable. Appellant prays to grant concession thereof at this stage. 7. Keeping in view the provisions of Section 125 of the Customs Act, 1962 and market value of the goods exported as well as the value declared by appellant, imposition of redemption at the rate of 15% of the value assessed in each case may considered to be justifies following the rat ..... X X X X Extracts X X X X X X X X Extracts X X X X
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