Relief for Importer: CESTAT Caps Redemption Fine at 10% and Penalty at 5% of Re-Determined Value

CESTAT capped redemption fine at 5% and penalty at 1% of re-determined value in an import case, ruling the original impositions were excessive given the bona fide valuation dispute. The tribunal emphasized that penalties must be proportionate to the violation severity, especially when there's no evidence of deliberate misdeclaration. The relief considers the importer's clean record and cooperation during proceedings.