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2017 (3) TMI 828 - CESTAT HYDERABADRestricted item - import of MFD copiers - redemption fine - penalty - Held that: - the appellant had placed the purchase order as well as received the goods in the port prior to 05.06.2012. Only after receipt of the goods in India the amendment of para 2.17 of FTP happened to be introduced which restricted the import of such goods. Therefore, imposition of such high penalty is not warranted in the circumstances of the case - reduction of penalty to an amount of ₹ 15,000/- would meet the ends of justice - an amount of ₹ 3,15,000/- as redemption fine would meet the ends of justice - appeal allowed - decided partly in favor of appellant.
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