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2014 (6) TMI 784 - CESTAT CHENNAIRedemption fine and penalty - dispute relates to quantum of redemption fine and penalty - Valuation of goods - Import of restricted second hand photocopy machine - Confiscation of goods - Held that:- There is no dispute regarding the undervaluation and violation of the EXIM Policy - appellant is a habitual offender insofar as they have imported the same goods on 30.10.2005, 27.12.2006, 26.3.2007 and 6.6.2007 as evident from the impugned order. Considering this fact, I do not find any reason for reduction in the quantum of redemption fine. However, considering the overall facts and circumstances, the penalty is reduced to Rs.2,50,000 - Decided partly in favour of assessee.
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