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2010 (1) TMI 546 - CESTAT, BANGALORERedemption of fine – imposed a redemption fine equal to 31% of value same to be the margin of profit the importer would have been earned - Tribunal has been consistently maintaining 15% of the value as appropriate redemption fine and that 5% of the value as appropriate penalty in similar cases – Held that: - importer should not be allowed to get away with a bonanza of profit on illegal import – Appeal is rejected.
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