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2015 (5) TMI 955 - AT - CustomsSeizure of goods - Discrepancy in stock - Imposition of penalty - Held that:- There is a clear admission statement about diversion of goods to the local market from the duty free shop. Seizure of goods have not been questioned. In such a situation, it is quite clear that the appellants are involved in diversion of duty free goods to the local market. Nevertheless, however, the entire quantity of goods have been confiscated and not allowed to be redeemed on payment of fine also. This would show that appellants have already lost the amount involved as far as the value of goods is concerned. Having regard to the fact that appellants are employees of the company and there is no evidence to show how much money they have earned by such activities, I consider that some reduction in penalty is warranted - Decided partly in favour of assessee.
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