https://www.taxtmi.com/caselaws?id=108290 The Commissioner of Customs ordered the confiscation of imported plant and machinery valuing at Rs. 599,26,00,046, with an option for redemption by paying a fine. A differential duty demand of Rs. 96,26,91,711 was confirmed, leading to penalties under Sec. 112 on the company and its officers for various charges. The tribunal decided to delve into the payment date issue, waiving pre-deposit of penalties and staying penalty recovery pending appeals, considering the disputed duty demand payment and safeguarding Revenue's interest with held goods worth Rs. 73 crores. en-us Tue, 01 Oct 2002 00:00:00 +0530 Fri, 30 Mar 2012 17:43:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108290 The Commissioner of Customs ordered the confiscation of imported plant and machinery valuing at Rs. 599,26,00,046, with an option for redemption by paying a fine. A differential duty demand of Rs. 96,26,91,711 was confirmed, leading to penalties under Sec. 112 on the company and its officers for various charges. The tribunal decided to delve into the payment date issue, waiving pre-deposit of penalties and staying penalty recovery pending appeals, considering the disputed duty demand payment and safeguarding Revenue's interest with held goods worth Rs. 73 crores. Case-Laws Customs Tue, 01 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108290