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2018 (12) TMI 267 - HC - CustomsImport of polished marble slabs - restricted item or not - notification dated 30th June, 2008 - Confiscation - quantum of redemption fine and penalty - Held that:- When the assessee imported marble slabs, the commodity was placed in a list of free import only as long as the CIF value was above 50 USD per square meter. Admittedly, the marble imported by the assessee was valued substantially below the said figure. The assessee's offer to pay customs duty on higher valuation was only for the purpose of bypassing the requirement of the notification. The Tribunal considering overall facts and circumstances of the case and has already given substantial relief to the assessee in the form of reduced redemption fine and penalty - No further discretionary relief would be justified - appeal allowed in part.
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