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2017 (3) TMI 830 - CESTAT HYDERABADRedemption fine - penalty - import of second hand Multi-Functional Device (MFD) Copiers cum printers - imposition on the ground that the import was made without license and in contravention of the condition laid in para 2.17 of the Foreign Trade Policy, 2009-2014 - Held that: - In the Order-in-Original the adjudicating authority has stated that market enquiry was conducted. No further discussions are seen made in this respect. The margin of profit is taken as 37.8 to impose the Redemption Fine and penalties. In view thereof, the Redemption Fine and penalty imposed are highly excessive. Reducing the Redemption Fine to ₹ 13 lakhs and the penalty to ₹ 6 lakhs would meet the ends of justice - appeal allowed - decided partly in favor of appellant.
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