https://www.taxtmi.com/caselaws?id=326569 The High Court partially allowed the appeal in a case involving confiscation of goods and penalties under the Customs Act, 1962. It found the appellate authority's decision linking penalty payment with bank guarantees release and bond cancellation to be erroneous. The court directed the deletion of this linkage, allowing the petitioners to pursue their pending appeal for remaining grievances. The judgment emphasized the broad scope of rectification powers under Section 154 of the Customs Act, focusing on correcting errors impacting parties' rights. en-us Wed, 06 Apr 2016 00:00:00 +0530 Fri, 04 Nov 2016 17:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326569 The High Court partially allowed the appeal in a case involving confiscation of goods and penalties under the Customs Act, 1962. It found the appellate authority's decision linking penalty payment with bank guarantees release and bond cancellation to be erroneous. The court directed the deletion of this linkage, allowing the petitioners to pursue their pending appeal for remaining grievances. The judgment emphasized the broad scope of rectification powers under Section 154 of the Customs Act, focusing on correcting errors impacting parties' rights. Case-Laws Customs Wed, 06 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326569