Fair-rent assessment requires consideration of lease terms, valuation principles and prevailing market rent; the certificate was quashed for fresh rev...
Document Identification Number compliance is satisfied when electronically communicated orders are promptly authenticated through a correctly identifi...
Industrial shrimp-feed machinery classification follows its commercial function, placing integrated production plants under the specific industrial fo...
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The CESTAT allowed the appeal against the imposition of redemption fine u/s 125 of the Customs Act, 1962. The Tribunal held that when the exported goods are unavailable, confiscation cannot be ordered, and consequently, no redemption fine can be imposed. The redemption fine is conditional upon the assessee seeking redemption of the confiscated goods by paying the fine. Since the exported rice was unavailable, there was no question of redemption, rendering the redemption fine imposition incorrect and illegal. The matter was remanded to the adjudicating authority for reconsideration.
The CESTAT allowed the appeal against the imposition of redemption fine u/s 125 of the Customs Act, 1962. The Tribunal held that when the exported goods are unavailable, confiscation cannot be ordered, and consequently, no redemption fine can be imposed. The redemption fine is conditional upon the assessee seeking redemption of the confiscated goods by paying the fine. Since the exported rice was unavailable, there was no question of redemption, rendering the redemption fine imposition incorrect and illegal. The matter was remanded to the adjudicating authority for reconsideration.
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