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2018 (5) TMI 1144 - AT - CustomsStay on imposition of Redemption Fine - permission to take the vessel “ABAN-IV” out of India for the purpose of undertaking petroleum operation - Held that: - Redemption fine is an option which the applicant can choose not to exercise. No time limit has been prescribed in the impugned order for exercising the option. It is understood that staying the imposition of redemption fine would results in applicant getting full custody of the rig, which is the final relief that they are seeking in appeal. No one is forcing them to exercise the option of Redemption and in that context stay has no meaning - More so because the provisional release was granted with conditions imposed in terms of the order of Hon’ble High Court. If the order of redemption fine is stayed it will result in bypassing the directions of Hon’ble High Court - Tribunal is not the proper forum to seek relaxation in conditions imposed by Hon’ble High Court - application therefore rejected.
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