https://www.taxtmi.com/caselaws?id=332261 Redemption fine under Section 125 of the Customs Act was considered in the context of duty-free imported gold found short and not physically available for confiscation. The Tribunal applied Weston Components and later decisions to hold that redemption fine is supported only where the goods were released under bond or a comparable provisional arrangement preserving confiscation consequences. As no such bond-based or seizure-based framework was shown on the facts, the condition for treating the goods as available for confiscation was not met. The Revenue's reliance on Weston Components therefore failed, and the order deleting redemption fine was sustained. en-us Wed, 24 Aug 2016 00:00:00 +0530 Fri, 04 Nov 2016 14:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332261 Redemption fine under Section 125 of the Customs Act was considered in the context of duty-free imported gold found short and not physically available for confiscation. The Tribunal applied Weston Components and later decisions to hold that redemption fine is supported only where the goods were released under bond or a comparable provisional arrangement preserving confiscation consequences. As no such bond-based or seizure-based framework was shown on the facts, the condition for treating the goods as available for confiscation was not met. The Revenue's reliance on Weston Components therefore failed, and the order deleting redemption fine was sustained. Case-Laws Customs Wed, 24 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332261