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2017 (2) TMI 965 - AT - CustomsImposition of redemption fine - penalty - import of copper scrap - enhancement of value - Held that: - Since the enhanced value has been accepted by the appellant and discharged the Customs duty, there is no doubt such consignment is liable for confiscation u/s 111(d) & (m) of the Customs Act, 1962 in as much there was mis-declaration - the adjudicating authority in the facts and circumstances of this case, seems to have imposed penalty despite there being nothing in the consignment which was put through to 100%, despite this, in my view is not enough reason for imposing such a harsh penalty - ends of justice would be met if the redemption fine imposed in lieu of the confiscation is reduced, I reduce the redemption fine of ₹ 7,00,000/- to ₹ 4,00,000/- consequently penalty imposed on the importer-appellant u/s 112(a) of the Customs Act, 1962 is also reduced to ₹ 2,00,000/- from 3,00,000/- - appeal disposed off - decided partly in favor of appellant.
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