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2013 (7) TMI 29 - AT - CustomsRedemption fine - assessee contested that goods has been provisionally released against the bond and bank guarantee furnished - Held that:- Just because the goods are not available for confiscation, the Commissioner cannot say that the same are not liable for confiscation, as in terms of judgment of Weston Components Ltd. vs. CC, New Delhi (2000 (1) TMI 45 - SUPREME COURT OF INDIA) redemption fine is imposable even after release of the goods and that mere fact that the goods were released on bond would not take away the power of the Customs authorities to levy redemption fine, if subsequent to release of the goods, the import was not found to be valid or there is any other irregularity which would render the goods liable for confiscation. Thus the Commissioner’s orders not imposing redemption fine is incorrect. Revenue’s appeal is allowed.
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