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2017 (6) TMI 927 - AT - CustomsBasmati rice - misdeclaration - confiscation - Held that: - it has been admitted by the appellant themselves that the goods were found mis-declared. In that circumstances, the goods were rightly held liable for confiscation by the adjudicating authority. Quantum of redemption fine and penalty - Held that: - the value of goods as declared by the appellant is ₹ 1,29,63,498/- on which the redemption fine of ₹ 15,90,000/- has been imposed and the penalty of ₹ 10 Lac has been imposed - considering the quantum to be excessive, the redemption fine reduced to ₹ 13 Lacs - the penalty shall remain of ₹ 10 lacs on the appellant. Appeal allowed - decided partly in favor of appellant.
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