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2009 (2) TMI 189 - AT - CustomsPenalty and fines – reduction – imposed for diversion of imported goods - The two proprietary concerns do not challenge the finding of diversion of imported goods and only seek reduction in the quantum of fines and penalties. The two brokers challenge the finding that they were involved in the diversion of the imported goods – held that – in the totality of facts and circumstances, the penalty on Mr. Laxmikant Todi is reduced to Rs. 2,50,000/- - in the totality of facts and circumstances of the case, we reduce the penalty imposed upon P.M. Rajen to Rs. 2,50,000/-
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