https://www.taxtmi.com/caselaws?id=97617 The Tribunal allowed the appeal of M/s. Atlanta Trading Co. Ltd., ordering the release of confiscated goods in their favor. The penalty imposed on M/s. Worldwide Freight was set aside due to lack of evidence supporting the allegations. The jurisdiction of customs authorities to confiscate Nepal-bound cargo under the Indo-Nepal treaty was denied, leading to the release of goods to M/s. Atlanta Trading Co. Ltd. The Tribunal affirmed M/s. Atlanta Trading Co. Ltd.'s status as a bona fide purchaser and validated the bills of lading, ultimately directing the release of the goods to them. en-us Fri, 01 Sep 2000 00:00:00 +0530 Tue, 17 Jan 2012 14:50:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97617 The Tribunal allowed the appeal of M/s. Atlanta Trading Co. Ltd., ordering the release of confiscated goods in their favor. The penalty imposed on M/s. Worldwide Freight was set aside due to lack of evidence supporting the allegations. The jurisdiction of customs authorities to confiscate Nepal-bound cargo under the Indo-Nepal treaty was denied, leading to the release of goods to M/s. Atlanta Trading Co. Ltd. The Tribunal affirmed M/s. Atlanta Trading Co. Ltd.'s status as a bona fide purchaser and validated the bills of lading, ultimately directing the release of the goods to them. Case-Laws Customs Fri, 01 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97617