https://www.taxtmi.com/caselaws?id=255423 The Tribunal upheld the Commissioner (Appeals)'s decision, dismissing the Revenue's appeal and addressing the respondent's cross-objection. It affirmed the validity of relinquishing goods under Section 23(2) of the Customs Act, 1962, and deemed the duty demand unsustainable. The Tribunal highlighted legislative intent and the CBEC Circular, supporting the right to abandon goods, with auction proceeds offsetting duty loss to the department. en-us Tue, 16 Sep 2014 00:00:00 +0530 Fri, 19 Jun 2015 17:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255423 The Tribunal upheld the Commissioner (Appeals)'s decision, dismissing the Revenue's appeal and addressing the respondent's cross-objection. It affirmed the validity of relinquishing goods under Section 23(2) of the Customs Act, 1962, and deemed the duty demand unsustainable. The Tribunal highlighted legislative intent and the CBEC Circular, supporting the right to abandon goods, with auction proceeds offsetting duty loss to the department. Case-Laws Customs Tue, 16 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255423