https://www.taxtmi.com/caselaws?id=254819 The Tribunal ruled in favor of the appellant, holding that upon relinquishment of goods under the proviso to Section 68 of the Customs Act, 1962, the importer is not liable to pay duty, interest, or penalty. The decision was based on the Board's circular and relevant legal provisions, granting relief to the appellant from the imposed interest and penalty on the relinquished goods. The Tribunal's interpretation favored the appellant's position, emphasizing the specific circumstances of the case and precedent in support of the appellant's arguments. en-us Tue, 15 Apr 2014 00:00:00 +0530 Thu, 01 Jan 2015 12:45:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254819 The Tribunal ruled in favor of the appellant, holding that upon relinquishment of goods under the proviso to Section 68 of the Customs Act, 1962, the importer is not liable to pay duty, interest, or penalty. The decision was based on the Board's circular and relevant legal provisions, granting relief to the appellant from the imposed interest and penalty on the relinquished goods. The Tribunal's interpretation favored the appellant's position, emphasizing the specific circumstances of the case and precedent in support of the appellant's arguments. Case-Laws Customs Tue, 15 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254819