Redemption fine is payable only when importer consciously suppresses facts or misrepresents

LSML Private Ltd. Vs Principal Commissioner of Customs (CESTAT Chennai) Facts- M/s. LSML Private Ltd are manufacturers of wind turbines, imported 1262 pieces of Hot Rolled Painted Steel Plates weighing 5507.403 MT, through the Chennai Port, vide BE no. 4008987 dated 22.01.2016 and bonded the goods in public bonded warehouse; they made various clearances either for themselves or third parties such as Rajam Steels ad V.K. Industrial Corporation Ltd etc and were duly allowed to be cleared by the bond officer; in respect of 878.395 MT, vide BE No. 3056014 dated 31.08.2017, officers of SIIB stopped...