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2017 (4) TMI 1299 - HC - CustomsWhether the CESTAT is justified in reducing the penalty drastically, while upholding the absolute confiscation of the goods? - Held that: - The Tribunal found that the penalties were not commensurate with the role played and by each one of them. The Tribunal found that the mastermind was one Rajendra Bhutada. The role of others is limited and as found by the Tribunal - the penalties have been reduced after referring to the role of each of the persons involved in the act of bringing the currency in India illegally - appeal dismissed - decided against Revenue.
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