https://www.taxtmi.com/caselaws?id=122226 The Tribunal upheld the confiscation of the goods but rejected absolute confiscation, directing that the appellants be allowed to redeem the goods for re-export upon payment of a fine. The fine is to be based on the current market value of the goods, with the appellants given a chance to be heard. This decision reflects the appellants' genuine business intentions and the lack of collusion, consistent with judicial precedents favoring re-export when the importer abandons goods without payment. en-us Mon, 12 Feb 2007 00:00:00 +0530 Sat, 03 Feb 2024 10:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122226 The Tribunal upheld the confiscation of the goods but rejected absolute confiscation, directing that the appellants be allowed to redeem the goods for re-export upon payment of a fine. The fine is to be based on the current market value of the goods, with the appellants given a chance to be heard. This decision reflects the appellants' genuine business intentions and the lack of collusion, consistent with judicial precedents favoring re-export when the importer abandons goods without payment. Case-Laws Customs Mon, 12 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122226