https://www.taxtmi.com/caselaws?id=115472 The Tribunal upheld the seizure and absolute confiscation of goods valued at Rs. 19,58,705 under the Customs Act, 1962, due to the appellant importing restricted items in commercial quantity. A penalty of Rs. 2,00,000 was initially imposed but later reduced to Rs. 1,00,000 upon appeal. The appellant's attempt to challenge the order based on burden of proof, duty assessment, and Section 125 benefits was unsuccessful. The Tribunal emphasized the importation of restricted goods, allowing redemption of goods upon payment of a fine while affirming the penalty reduction. en-us Mon, 06 Jun 2005 00:00:00 +0530 Tue, 29 May 2012 18:14:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115472 The Tribunal upheld the seizure and absolute confiscation of goods valued at Rs. 19,58,705 under the Customs Act, 1962, due to the appellant importing restricted items in commercial quantity. A penalty of Rs. 2,00,000 was initially imposed but later reduced to Rs. 1,00,000 upon appeal. The appellant's attempt to challenge the order based on burden of proof, duty assessment, and Section 125 benefits was unsuccessful. The Tribunal emphasized the importation of restricted goods, allowing redemption of goods upon payment of a fine while affirming the penalty reduction. Case-Laws Customs Mon, 06 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115472