Home Case Index All Cases Customs Customs + CGOVT Customs - 2014 (4) TMI CGOVT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (4) TMI 1123 - CGOVT - CustomsRevision by Central Government - Section 129DD of Customs Act, 1962 - Confiscation of foreign currency of US $ 40,000 equivalent to Indian ₹ 24,05,490/- under Section 111(d) of Customs Act, 1962 - Respondent seeks for refund of residual amount after subtracting the penalty and redemption fine imposed from the sum realized on disposal of the impugned foreign currency - Held that:- it is not a case of refund under Section 27 of Customs Act, since, it is not a refund of duty. Respondent has simply requested to adjust the redemption fine/penalty from said seized currency and return the balance amount. Since the seized goods are foreign currency and it can be returned by deducting the redemption fine and personal penalty amount, there is no question of having no accessibility without deposit of redemption fine. - Revision application rejected
|