1995 (12) TMI 335 - Customs

Extract:
.......is quantity of silver was purchased in 1979 for Rs. 17,511/-. The seizure was made on 15-11-86 by which time the price of silver must have certainly gone up. In the circumstances, I fix redemption fine of Rs. 18,000/- (Rupees Eighteen Thousands). I find no reason to interfere with the order imposing penalty. The appeals are accordingly disposed of.