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2017 (3) TMI 1114 - AT - CustomsValutaion - licence fee - inclusion of licence fee in assessable value - confiscation - redemption fine - penalty - quantum of redemption fine and penalty proper or not? Held that: - the impugned order has imposed a redemption fine of approximately 20% and penalty of 15% of the re-determined assessable value - The redemption fine imposed is correct - the penalty imposed seems to be excessive. In the interest of justice, the penalty reduced from ₹ 4 lakhs to ₹ 1 lakh - appeal disposed off - decided partly in favor of appellant.
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