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2012 (8) TMI 446 - AT - CustomsRefund claim for Redemption find and penalty - Held that:- As Tribunal has ordered for redemption fine and penalty of 10% and 5% of assessed value no room for any interpretation that it does not relate to assessable value of the goods. In case of Sl. No. 7 to 8, the quantum of redemption fine and penalty is more than the quantum of penalty imposed at the initial stage the redemption fine and penalty imposed should be restored to the redemption fine and penalty imposed initially - partly in favour of assessee.
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