2017 (1) TMI 465

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..... Policy provisions have been violated in this case. To that extent, we uphold the impugned order. the adjudicating authority has imposed redemption fine of ₹ 11 lakhs. The norms, as can be seen from various decisions of the Tribunal on the same issue, is that the redemption fine is imposed @ 20% of the enhanced value which in this case approx ₹ 4 lakh, which we find will meet the en .....

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..... this appeal is regarding the redemption fine imposed by the adjudicating authority in lieu of confiscation and also the penalties. 4. The appellant herein had imported polished marble blocks and sought clearance by declaring a value. The said Bills of Entry were provisionally assessed by the Customs authorities and subsequently finalized by enhancing the value and also holding that the imports .....

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..... tly held that the the assessable value is less than the value limit prescribed under the Policy, Policy provisions have been violated in this case. To that extent, we uphold the impugned order. 5.1 As regards the redemption fine imposed, we find that the adjudicating authority has imposed redemption fine of ₹ 11 lakhs. The norms, as can be seen from various decisions of the Tribunal on th .....

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