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2021 (3) TMI 1165 - AT - CustomsDeletion of redemption fine - re-export of goods - HELD THAT:- Under similar circumstances, the Tribunal has deleted the redemption fine imposed on the assessee in a number of case - In the case of M/S. ROSE MARY INTERNATIONAL VERSUS COMMISSIONER OF CUSTOMS, TUTICORIN [2020 (6) TMI 262 - CESTAT CHENNAI], it was held that the redemption fine imposed for re-export of the goods cannot sustain and requires to be set aside - thus, the redemption fine charged under Section 125(1) of the Customs Act, 1962 is unsustainable. Levy of penalty under Section 112 (a) of the Customs Act, 1962 - HELD THAT:- A proportionate penalty of ₹ 1,25,000/- is confirmed as against ₹ 5 Lakhs, following he above mentioned decision. Appeal allowed in part.
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