Higher redemption fine and penalty imposable for repeated violation of Minimum Import Price

C.C.-Mundra Vs Gamesa Renewable Pvt Ltd (CESTAT Ahmedabad) CESTAT Ahmedabad held that higher redemption fine and penalty imposable as appellant is a repeated offender and is violating the Minimum Import Price (MIP) condition prescribed by DGFT frequently. Facts- Siemens Gamesha Renewable Power Pvt. Ltd were engaged in import of “Prime hot rolled steel plates shotblasted/ coated with Zinc Silicate” falling under Tariff Heading No. 72103092. Notification No. 38/2015 dated 05.02.2016 issued by Directorate General of Foreign Trade (DGFT) prescribed Minimum Import Price (MIP) of Iron and Steel ...