https://www.taxtmi.com/caselaws?id=258466 The Supreme Court allowed the appeal, setting aside the High Court's decision and reinstating the Customs, Excise & Service Tax Appellate Tribunal's ruling that the duty demand was not sustainable under Section 125(2) of the Customs Act, 1962. The Court emphasized that the duty becomes payable only upon exercising the option to pay the fine and redeem the confiscated goods, which the Institute did not do. It clarified that the Department could pursue independent action for duty recovery within the limitation period. en-us Tue, 24 Mar 2015 00:00:00 +0530 Thu, 30 Jul 2015 11:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258466 The Supreme Court allowed the appeal, setting aside the High Court's decision and reinstating the Customs, Excise & Service Tax Appellate Tribunal's ruling that the duty demand was not sustainable under Section 125(2) of the Customs Act, 1962. The Court emphasized that the duty becomes payable only upon exercising the option to pay the fine and redeem the confiscated goods, which the Institute did not do. It clarified that the Department could pursue independent action for duty recovery within the limitation period. Case-Laws Customs Tue, 24 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258466