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2008 (9) TMI 153 - HC - CustomsLiability of redemption fine in case goods have been sold by importer – since petitioner has not raised any plea that they were not owner at time of import when duty attracted, liability to pay redemption fine lies on importer and not on present owner of goods – quantum of redemption fine - fine could not exceed the amount equal to market price of goods minus duty paid – since market price of the imported goods realized by the Appellant was lower than the duty chargeable, fine is not imposable
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