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2017 (11) TMI 1528 - CESTAT CHENNAIQuantum of redemption fine and penalty - Baggage Rules - valuation of electronic goods - Held that: - the goods imported are mainly electronic goods. These goods do get reduced in their value as they became outdated over a period of time, so also the appellant has paid Customs duty to the tune of ₹ 6,87,165/- on the goods - the Redemption Fine and penalty imposed is excess and, therefore, which we reduce the Redemption Fine to ₹ 2,50,000/- and penalty to ₹ 75,000/-, would meet the ends of justice - appeal allowed in part.
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