https://www.taxtmi.com/caselaws?id=83937 The Tribunal allowed the appeal, setting aside the penalty order imposed under Section 112 of the Customs Act. It upheld the appellants' right to relinquish title to the excess timber logs, emphasizing that as steamer agents, they were entitled to do so. The decision clarified that relinquishing title meant no redemption rights, and the goods could face confiscation if not claimed, with the Port Trust authorized to auction them under Section 48 of the Customs Act. en-us Thu, 06 Oct 1994 00:00:00 +0530 Mon, 18 Jul 2011 17:52:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83937 The Tribunal allowed the appeal, setting aside the penalty order imposed under Section 112 of the Customs Act. It upheld the appellants' right to relinquish title to the excess timber logs, emphasizing that as steamer agents, they were entitled to do so. The decision clarified that relinquishing title meant no redemption rights, and the goods could face confiscation if not claimed, with the Port Trust authorized to auction them under Section 48 of the Customs Act. Case-Laws Customs Thu, 06 Oct 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83937