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2015 (4) TMI 199 - AT - CustomsConfiscation of goods - Clearance of prohibited goods - Held that:- The goods in question is made of Sea shell known as "Troches Nilotius" which is listed in schedule IV of Wildlife (P) Act 1972 and import of these shells is prohibited as per provisions of EXIM Policy. - No infirmity in the order as regards the confiscation of the goods. However, the valuation of the goods of ₹ 3,11,800/- and penalty imposed is ₹ 1 lakh which appears to be higher side. Considering the value of the goods and considering overall facts and circumstances of the case, I am of the view that the appellant deserves reduction in the penalty and therefore I reduce the penalty from ₹ 1 lakh to ₹ 50,000 - Decided partly in favour of assessee.
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