https://www.taxtmi.com/caselaws?id=250062 The High Court held that the imposition of a redemption fine is warranted even if the bond and bank guarantee are cancelled, emphasizing that the key factor is whether the importer violated the law and if goods are liable for confiscation. The Court referenced Supreme Court precedent, stating that the release of goods on bond execution does not prevent confiscation in case of violations. The Court set aside the Tribunal's decision, restoring the original Authority's order and allowing the Revenue's appeal regarding the confiscation of goods and imposition of a redemption fine. en-us Wed, 16 Jul 2014 00:00:00 +0530 Tue, 13 Jan 2015 14:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250062 The High Court held that the imposition of a redemption fine is warranted even if the bond and bank guarantee are cancelled, emphasizing that the key factor is whether the importer violated the law and if goods are liable for confiscation. The Court referenced Supreme Court precedent, stating that the release of goods on bond execution does not prevent confiscation in case of violations. The Court set aside the Tribunal's decision, restoring the original Authority's order and allowing the Revenue's appeal regarding the confiscation of goods and imposition of a redemption fine. Case-Laws Customs Wed, 16 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250062