https://www.taxtmi.com/caselaws?id=331814 The Tribunal allowed the Revenue's appeal in a case concerning confiscation and redemption fine for imported goods. The Tribunal emphasized that redemption fine is applicable when the importer/exporter has goods or a financial instrument at stake. As no bond or bank guarantee was presented as evidence, the case was remanded for reevaluation to determine if such security was provided at the time of goods release. If no bond or bank guarantee was given, no redemption fine could be imposed. en-us Mon, 08 Aug 2016 00:00:00 +0530 Sat, 17 Dec 2016 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331814 The Tribunal allowed the Revenue's appeal in a case concerning confiscation and redemption fine for imported goods. The Tribunal emphasized that redemption fine is applicable when the importer/exporter has goods or a financial instrument at stake. As no bond or bank guarantee was presented as evidence, the case was remanded for reevaluation to determine if such security was provided at the time of goods release. If no bond or bank guarantee was given, no redemption fine could be imposed. Case-Laws Customs Mon, 08 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331814