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HC held that the appeal is disposed and the Respondent (CHA) licence is restored subject to financial conditions. The Court affirmed that a three-year suspension sufficiently marks the misconduct and refused to disturb CESTAT's finding on liability for confiscation and prior suspension. The HC modified CESTAT's order: of the Rs. 5,00,000 security deposit, Rs. 2,00,000 is forfeited; the CHA's licence will be renewed upon deposit of an additional Rs. 2,00,000 to Customs; and a further sum of Rs. 2,00,000 must be deposited as a redemption/penalty payment. The balance of the appeal is dismissed.
HC held that the appeal is disposed and the Respondent (CHA) licence is restored subject to financial conditions. The Court affirmed that a three-year suspension sufficiently marks the misconduct and refused to disturb CESTAT's finding on liability for confiscation and prior suspension. The HC modified CESTAT's order: of the Rs. 5,00,000 security deposit, Rs. 2,00,000 is forfeited; the CHA's licence will be renewed upon deposit of an additional Rs. 2,00,000 to Customs; and a further sum of Rs. 2,00,000 must be deposited as a redemption/penalty payment. The balance of the appeal is dismissed.
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