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2013 (10) TMI 455 - CESTAT CHENNAIPenalty u/s 112(a) - Import of Stainless Steel Coils - revenue felt that goods were secondary quality. - Held that:- The stand of the respondents for early closure of the matter was appreciated by the Commissioner and he has shown leniency while imposing redemption of fine and penalty, taking into account other facts like demurrage and detention charges which are also relevant for determination of redemption fine. Further we note that the respondent has already suffered by paying higher rate of duty on the value of prime quality steels whereas if goods were actually of prime quality the incidence where lower or if the goods were seconds then value would have been lower which also would have resulted in payment of lower amount of customs duty. So it is case of double whammy - Decided against Revenue.
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