https://www.taxtmi.com/caselaws?id=73975 The Tribunal held that under Section 115 of the Customs Act, the owner of a vessel used for hire can redeem it by paying a fine, regardless of the goods carried. The Tribunal emphasized that the vessel's character, not the goods, determines eligibility for this option. Referring to decisions from the Calcutta and Madras High Courts, the Tribunal rejected the Collector's Reference Application, affirming that the law's interpretation was clear and did not warrant High Court review. en-us Mon, 16 May 1988 00:00:00 +0530 Sat, 04 Jun 2011 17:52:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=73975 The Tribunal held that under Section 115 of the Customs Act, the owner of a vessel used for hire can redeem it by paying a fine, regardless of the goods carried. The Tribunal emphasized that the vessel's character, not the goods, determines eligibility for this option. Referring to decisions from the Calcutta and Madras High Courts, the Tribunal rejected the Collector's Reference Application, affirming that the law's interpretation was clear and did not warrant High Court review. Case-Laws Customs Mon, 16 May 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73975