https://www.taxtmi.com/caselaws?id=216465 The Tribunal dismissed the Revenue's appeal seeking confiscation and recovery of redemption fine for diverted duty-free inputs. The case involved goods not physically seized or available for seizure, leading to the rejection of the appeal based on the distinction between bonds executed for different purposes under the Customs Act, 1962. The judgment clarified that only seized goods are subject to confiscation, with redemption fine applicable in lieu of confiscation. The Tribunal upheld the Commissioner (Appeals)' decision, emphasizing the specific requirements for enforcement of bonds in cases of diverted duty-free inputs. en-us Mon, 23 May 2011 00:00:00 +0530 Wed, 12 Sep 2012 10:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216465 The Tribunal dismissed the Revenue's appeal seeking confiscation and recovery of redemption fine for diverted duty-free inputs. The case involved goods not physically seized or available for seizure, leading to the rejection of the appeal based on the distinction between bonds executed for different purposes under the Customs Act, 1962. The judgment clarified that only seized goods are subject to confiscation, with redemption fine applicable in lieu of confiscation. The Tribunal upheld the Commissioner (Appeals)' decision, emphasizing the specific requirements for enforcement of bonds in cases of diverted duty-free inputs. Case-Laws Central Excise Mon, 23 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216465