2017 (9) TMI 1651

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..... peal against the impugned order wherein the learned Commissioner (Appeals) hold the order of adjudication that the gold which has been seized is to be released on redemption fine in lieu of confiscation and imposed penalty on the respondent. The appeal has been filed by the Revenue on the ground that the learned Commissioner (Appeals) has fall in error by allowing to redeem the gold seized to be r .....

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..... ovisions of the proviso to sub-section (2) of Section 115, such fine shall not exceed the market price of the goods confiscated, less in the case of imported goods the duty chargeable thereon. (2) Where any fine in lieu of confiscation of goods is imposed under sub-section (1) the owner of such goods or the person referred to in sub-section (1) shall, in addition, be liable to any duty and c .....

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