https://www.taxtmi.com/caselaws?id=121351 The case involved issues regarding the validity of an oral declaration made by the applicant, entitlement to goods or sale proceeds, duty liability, procedural compliance by the Revenue, and determination of duty and penalties. The applicant was found entitled to the sale proceeds of Rs. 15,83,355/- as the Revenue disposed of the goods without proper notification. The duty payable was settled at Rs. 11,25,040/-, to be adjusted from the sale proceeds, with immunity from fine and interest granted. A penalty of Rs. 25,000/- was imposed, with immunity from prosecution under the Customs Act provided. en-us Wed, 26 Sep 2001 00:00:00 +0530 Mon, 30 Jul 2012 11:21:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121351 The case involved issues regarding the validity of an oral declaration made by the applicant, entitlement to goods or sale proceeds, duty liability, procedural compliance by the Revenue, and determination of duty and penalties. The applicant was found entitled to the sale proceeds of Rs. 15,83,355/- as the Revenue disposed of the goods without proper notification. The duty payable was settled at Rs. 11,25,040/-, to be adjusted from the sale proceeds, with immunity from fine and interest granted. A penalty of Rs. 25,000/- was imposed, with immunity from prosecution under the Customs Act provided. Case-Laws Customs Wed, 26 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121351