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2008 (7) TMI 271 - CESTAT, MUMBAIQuantum of redemption fine – illegal import of wrist watches - redemption fine of Rs. 4 lakhs for value of goods of Rs. 8,76,648/- seems to be excessive - demurrage charges and container charges are being incurred by the importer, as such, in order to meet the ends of justice redemption fine is reduced to Rs. 1.00 Lakh – importer has been paid an amount of Rs. 2 lac for illegal import of previous consignment also, so penalty on him is reduced – penalty on CHA is warranted, but reduced
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