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TMI Blog2018 (2) TMI 584X X X X Extracts X X X X X X X X Extracts X X X X ..... restricted item - the imposition of redemption fine and penalty are unsustainable and are required to be set aside. The impugned order is modified by setting aside, the redemption fine and penalty imposed without disturbing the enhancement of value - appeal allowed in part. - C/117/2010 & C/168/2010 - 42282-42283/2017 - Dated:- 5-10-2017 - Ms. Sulekha Beevi, Member (Judicial) And Shri Madhu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e adjudicating authority vide Order dated 19.05.2009 enhanced the value of the impugned goods to GBP 24910 (C F) and confiscated the goods under Section 111 (d) of the Customs Act, 1962, however, option was given to redeem the goods on payment of fine of ₹ 4,25,000/- under Section 125 ibid. A penalty of ₹ 1,50,000/- was imposed on the importer under Section 112 (a) of the Customs Act, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er concedes the enhancement in the value to ₹ 18,62,818/-. 5. The Ld. AR, Shri K. Veerabhadra Reddy, JC, submits that goods imported being restricted, fine and penalty are imposable. The findings of the lower authority is not proper and correct in reducing the redemption fine and penalty to a standard percentage of 15% and 5% without considering the fact that the importer is a habitual of ..... X X X X Extracts X X X X X X X X Extracts X X X X
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