2010 (7) TMI 1052

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..... espondent : Anil Balani, V. Sridharan, Prakash Shah ORDER Heard learned counsel for the appellant and learned counsel for the respondents. Perused appeals. 2. The view taken by the Tribunal is in consonance with the judgment of this Court in case of the Commissioner of Customs (Import) v. M/s.Finesse Creation Inc. passed in Customs Appeal No.66/2009 dated 25th August, 2009 (unreported) .....

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..... demption. Once goods cannot be redeemed no fine can be imposed. The fine is in the nature of compensation to the state for the wrong done by the importer/exporter. 4. So far as waiver of fine on CHA and Exporter and reduction of penalty on the Steamer Company are concerned, the reasons recorded by the Tribunal cannot be faulted. The view taken by the Tribunal is a reasonable and possible view. .....

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