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2018 (7) TMI 81 - AT - CustomsQuantum of redemption fine and penalty - confiscation of excess quantity of mobile phones present in the consignment - the appellants have all along been requesting for reduction in redemption fine and penalty since the differential duty liability comes to only ₹ 19,000/- - Held that:- When the duty liability of the imported goods valued at ₹ 3,87,310/- is only around ₹ 19,000/-, the quantum of redemption fine of ₹ 2,00,000/- imposed is surely not commensurate with the differential duty liability - Further, while deciding the quantum of redemption fine, the facts and circumstances including the margin of profit, market price of the goods confiscated etc., have to be taken into account. There is no such exercise forth-coming in the impugned order. The appeal is allowed to the extent of reducing the redemption fine under Section 125 ibid to ₹ 50,000/- without making any further interference in the impugned order - penalty do not require any interference - appeal allowed in part.
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