2009 (8) TMI 1022

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....venue filed this appeal against the order of the Commissioner (Appeals), whereby redemption fine and penalties were reduced from Rs. 1,20,000/- to Rs. 1,00,000/- and penalty from Rs. 3,45,000/- to Rs. 20,000/-. 2. Ld. Jt. CDR reiterates the grounds of appeal. He submits that the respondents imported the goods without licence, which is implied mala fide on the part of tne respondent. He submits th....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....s amounting to Rs. 2,82,000/- as recorded in the impugned order. After taking into account the value of the goods and detention charges and the amount of redemption fine and penalty, the value of the goods will be much more than the market price of the goods to Rs. 12 Lakhs as determined by the Revenue. He also submits that as per the Policy, there is no requirement of licence for importation of t....