Supreme Court affirms customs fine power post-release, upholding redemption fine imposition. The Supreme Court of India upheld the imposition of a redemption fine even after goods were released to the appellant on bond, affirming customs ...
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Supreme Court affirms customs fine power post-release, upholding redemption fine imposition.
The Supreme Court of India upheld the imposition of a redemption fine even after goods were released to the appellant on bond, affirming customs authorities' power to levy fines for invalid imports or irregularities.
The Supreme Court of India dismissed the appeal stating that redemption fine could still be imposed even if goods were released to the appellant on bond, as customs authorities retain power to levy fine if import was not valid or irregularities occurred. (Citation: 2000 (1) TMI 45 - SC)
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