2018 (4) TMI 1651

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..... old which were brought by him illegally from Abu Dhabi in violation of Customs Act and the Foreign Trade (Development and Regulation) Act, 1992 - As regards redemption fine and penalty imposed by the Commissioner (Appeals) in his order, the applicant has not advanced any convincing reason for reduction of fine and penalty and it is merely stated that redemption fine should not be more than the mar .....

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..... New Delhi, whereby the applicant has been allowed to redeem the confiscated gold on payment of redemption fine of ₹ 5,70,000/- and penalty of ₹ 1,00,000/-. 2. The revision application is filed mainly on the ground that the applicant had brought the gold for self-use only from Abu Dhabi without any concealment and, therefore, the RF of ₹ 5,70,000/- and personal penalty of ͅ .....

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..... to a point that the redemption fine and penalty should be reduced. 4. As regards redemption fine and penalty imposed by the Commissioner (Appeals) in his order, the applicant has not advanced any convincing reason for reduction of fine and penalty and it is merely stated that redemption fine should not be more than the margin of profit. However, the Government does not agree with this contenti .....

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