2006 (4) TMI 369

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..... in this case has disputed the imposition of the penalty amounting to Rs. 1 lac and quantum of the redemption fine amounting to Rs. 2,60,000.00. 2. None appeared for the appellant in spite of the notice. I therefore heard the Learned JDR and perused the record. 3. The learned JDR submitted that the appellant in this case has imported heavy metal scrap and during examination it was found to con .....

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..... with the gravity of the offence. While imposing the redemption fine no regard has been paid to the margin of the profit and offer of the redemption should be a real offer and not illusory one. 6. I have considered the submission made by the appellant. I find that looking into the value of the goods involved and gravity of the offence which involved import of used ammunition which may in turn pos .....

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