No hard and fast rule can be laid down for fixing quantum of redemption fine

Mgm Tradelink Pvt Ltd Vs C.C.-Kandla (CESTAT Ahmedabad) CESTAT Ahmedabad held that no hard and fast rule can be laid down for fixing quantum of redemption fine but the same has to be done, depending upon facts and circumstances of each case Facts- The appellant filed a refund claim for a refund of Rs. 2,90,212/- which was rejected vide OIO by Assistant Commissioner (Refund) who held that the goods CTH 72163200 are eligible for concessional rate of duty @5% as per Sr. 190B of Notification No.21/2002 but since the appellant did not challenge the assessment order which has become final the Refund...