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TMI Blog2009 (1) TMI 149X X X X Extracts X X X X X X X X Extracts X X X X ..... eem the same - there is only a technical violation of non-declaration & matter stands remanded once, we allow the appellant to redeem the goods totally valued at Rs. 20.44 lakhs on payment of redemption fine of Rs. 2.50 lakhs - penalty of Rs. 1 lakh is not being interfered – lot of time elapsed since original confiscation, early hearing application is allowed - C/1087/2007 - A/5/2009-WZB/C-II/CS ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt to Rs. 1.92 lakhs. He, however, assails the impugned order on the limited issue that neither the jewellery nor the foreign currency was a prohibited item and the only charge against the appellant was non-declaration of the same. Without disputing as to whether the appellant was in the process of making a declaration or not, he submits that the adjudicating authority, instead of absolutely confi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... totally valued at Rs. 20.44 lakhs on payment of redemption fine of Rs. 2.50 lakhs. We have fixed the above amount of redemption fine by keeping in view the quantum of penalty of Rs. 1.00 lakh, which is not being interfered by us. 5. But for the above conversion of absolute confiscation into an option to redeem, the appeal is otherwise rejected. Early hearing application stands disposed of. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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