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2009 (12) TMI 922 - AT - CustomsQuantum of redemption fine and penalty - Revenue's contention is that the margin of profit is 20 per cent to 22 per cent and thus, the redemption fine and penalty, are on the lower side - Held that: - the value was enhanced by the Department based on Chartered Engineer's Certificate. The Commissioner (Appeals) relied upon the Tribunal's decision in the case of Navpad Enterprises and Ors. [2008 (3) TMI 604 - CESTAT, BANGALORE] by which redemption fine and penalty of 10 per cent and 5 per cent, respectively were imposed - appeal dismissed - decided against Revenue.
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