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2018 (1) TMI 126 - AT - CustomsSmuggling - Gold - penalty u/s 112 and 114AA of the CA - Held that: - the term absolute confiscation is not used in the entire Customs Act and as such the provisions mandate confiscation - with reference to Section 125 of the Customs Act, the Learned Commissioner (Appeals) observed that while using the term owner, identifies such owner as a person to whom the goods may be redeemed practically. It is for this reason that Section 125 of the Act ibid, also prescribes that where the owner is not known, the option of redemption would be given to the person from whose possession or custody such goods were seized - appeal dismissed - decided against Revenue.
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