COMMNR. OF CUSTOMS (IMPORT) vs STONEMAN MARBLE INDUSTRIES .

The Supreme Court addressed the appeals against the Bombay High Court's orders rejecting Revenue's applications under Section 130A of the Customs Act, 1962. The Court held that the Tribunal's reduction of redemption fines and penalties was justified, as it followed precedent established in M/s. Stonemann Marble Industries. The Court found no substantial question of law arising from the Tribunal's orders, thereby upholding the Tribunal's decisions and dismissing the Revenue's appeals.