https://www.taxtmi.com/caselaws?id=235059 A customs confiscation claim did not justify cancelling a confirmed liquidation auction where the Department could not reliably identify the auctioned plant and machinery as the same goods earlier confiscated. The Court noted the absence of a contemporaneous inventory, the remoteness of the available bills of entry and packing lists, and the practical difficulty created by the lapse of time and prior distributions in liquidation. As the auction purchaser had paid the full consideration and taken possession, there was no basis to restrain further sale of the assets, and the purchaser was allowed to resell them and deliver possession to the buyer. en-us Fri, 26 Apr 2013 00:00:00 +0530 Wed, 10 Jul 2013 06:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235059 A customs confiscation claim did not justify cancelling a confirmed liquidation auction where the Department could not reliably identify the auctioned plant and machinery as the same goods earlier confiscated. The Court noted the absence of a contemporaneous inventory, the remoteness of the available bills of entry and packing lists, and the practical difficulty created by the lapse of time and prior distributions in liquidation. As the auction purchaser had paid the full consideration and taken possession, there was no basis to restrain further sale of the assets, and the purchaser was allowed to resell them and deliver possession to the buyer. Case-Laws Customs Fri, 26 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235059