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of <h1>Confiscated Red Sanders/Sandalwood Release: Reduced Penalties, Waived Pre-Deposit, Rs. 1.00 Lakh Revenue Deposit</h1> The Tribunal allowed the release of confiscated Red Sanders/Sandalwood upon payment of a redemption fine, reducing penalties imposed and waiving the ... Stay/Dispensation of pre-deposit Issues: Confiscation of Red Sanders/Sandalwood, Penalty and Redemption Fine, Waiver of Pre-depositConfiscation of Red Sanders/Sandalwood:The case involved the confiscation of Red Sanders/Sandalwood from a godown in Taloja, with penalties imposed by the adjudicating authority. The ld. Commissioner (Appeals) reduced the penalties and allowed redemption of the goods based on a previous Tribunal order. The applicant sought unconditional clearance of the goods, challenging the confiscation itself. However, the Tribunal held that the goods could be released on payment of a redemption fine. The applicant was directed to make a revenue deposit of Rs. 1.00 lakh for clearance of the confiscated consignments within three days.Penalty and Redemption Fine:The Tribunal considered the submissions and records, finding that the revenue deposit of Rs. 1.00 lakh was sufficient to hear and dispose of the appeal. Consequently, the condition of pre-deposit of penalties was waived, and the stay petition was disposed of accordingly.In conclusion, the Tribunal addressed the issues of confiscation of Red Sanders/Sandalwood, penalty, and redemption fine by allowing the release of goods upon payment of a redemption fine. The Tribunal also waived the pre-deposit condition for penalties upon the revenue deposit of Rs. 1.00 lakh.
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