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2011 (2) TMI 534 - AT - CustomsApplication for stay - waiver of pre-deposit - Confiscation - Notification 64/1988-Cus. - after importing the medical equipments and clearing the same duty-free under the aforesaid Notification, the hospital failed to discharge their obligation under the Notification and thereby rendered the equipments liable to confiscation and also rendered themselves liable to penalty - Decided against the assessee In the instant case, the medical equipments were confiscated by the Commissioner and, by virtue of Sec. 126 of the Act, they vested in the Central Government. Sub-section (2) of Sec. 126 makes the status of the goods clearer by providing that the adjudicating authority shall take and hold possession of the confiscated goods - Since the appellants do not propose to redeem the goods at this stage, they cannot be compelled to pre-deposit any amount of fine - Accordingly, the appellants are directed to pre-deposit the penalty amounts within 4 weeks and report compliance on 21-3-2011
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