The spinner was originally handed a three-Test ban by match referee Mike Procter after being found guilty of calling Symonds, Australia's only black player, a "monkey" during the acrimonious Sydney Test earlier this month.
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The ICC spokesman said Hansen, a New Zealand High court judge, was convinced Harbhajan was not guilty of a racial slur after a hearing lasting more than five hours.
"Justice Hansen said that he was convinced that on all evidence submitted before him the charge of a level 3.
3 offence was not proven, but that Harbhajan should be charged with a level 2.8 offence," he said.
"Harbhajan pleaded guilty to this charge, and on hearing submissions on the penalty, Justice Hansen imposed a fine of 50 percent of his match fee.
"
Hansen would deliver his full reasons on Wedn