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Customs - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

Relevant date for fixing redemption fine - seizure of Gold - ...

Customs

March 19, 2019

Relevant date for fixing redemption fine - seizure of Gold - when the redemption fine is imposed, the relevant date for fixing the redemption fine should be the market value of the goods prevailing at the time of seizure and not at the time of passing the order.

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  1. Project import - Since the goods were never used for the purpose for which it was imported, the actual user condition has been violated - Redemption fine and penalty imposed.

  2. The car which was imported, was imported first time in India without homologation certificate - restriction rightly imposed - confiscation, redemption fine and penalty...

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