1995 (12) TMI 324 - Customs

Extract:
.......aspect as mitigating circumstances which would call for affording relief to the appellants, herein in respect of fine in lieu of confiscation and of the quantum of penalty on them. Accordingly, we reduce the redemption fine from Rs. 7 lakhs to Rs. 3 lakhs and the penalty from Rs. 1 Iakh to Rs. 50,000/-. The appeal is disposed of in the above terms.