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TMI Blog2017 (12) TMI 1181X X X X Extracts X X X X X X X X Extracts X X X X ..... justifies - So far as the penalty is concerned, that is imposed to deter contravention of law since No such imposition shall be bonus to the evader and an incentive to break the law So far as penalty imposed on the employee of the appellant in Appeal No.C/472 is concerned he is found to be General Manager-Marketing of the appellant. Keeping in view that the main appellant was an artificial pers ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mentioned against each export detailed as under:- Sl. No. Value of Goods Exported Rs. Penalty imposed Rs. Redemption Fine imposed Rs. 1. 1,34,77,969/- 5,00,000/- 33,69,490/- 2. 1,70,71,165/- 8,00,000/- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e classifiable according to their nature 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... imposed, survey was made to find out as to 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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