TMI Blog2017 (10) TMI 412X X X X Extracts X X X X X X X X Extracts X X X X ..... e Versus M/s. City Office Equipment and others [2013 (4) TMI 655 - MADRAS HIGH COURT], where it was held that there was no restriction for import of used photocopier machines during the relevant period - the items are not restricted items - the redemption fine reduced to ₹ 2,33,000/- - penalty upheld - decided partly in favor of appellant. - C/64/2009 - FINAL ORDER No. 41681/2017 - Dated:- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... option to pay redemption fine of ₹ 4,00,000/- under Section 125 ibid and also imposed penalty of ₹ 1,00,000/- under Section 112 (a) ibid. Hence this appeal. 2. At the time of hearing, the Ld. Counsel Shri A.K. Jayaraj appearing for the appellant submitted that he is not contesting the enhancement of value and concedes the enhancement in the value to ₹ 15,59,745/- and is con ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e. We hold that reducing the redemption fine to ₹ 2,33,000/- and sustaining the penalty imposed by the adjudicating authority would meet ends of justice. 5. In the result, appeal is partly allowed by modifying the impugned order by reducing the redemption fine to ₹ 2,33,000/- without disturbing the penalty imposed and enhancement of value. Appeal is partly allowed in above term ..... X X X X Extracts X X X X X X X X Extracts X X X X
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