The Delhi Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), while reducing the quantum of the redemption fine, held that imposing a redemption fine equal to the value of goods is harsh.The bench of Justice Dilip Gupta (President) and P. V. Subba Rao (Technical Member) has observed that the total unbranded goods were valued at Rs. 1,65,49,893/-, and a redemption fine of...
