https://www.taxtmi.com/caselaws?id=332360 The court disposed of the appeal, allowing confiscation of goods under Section 111(o) of the Customs Act, 1962. The Customs, Excise and Service Tax Appellate Tribunal's decision to set aside the confiscation and penalties based on exemption notification No. 111/95-Cus. was upheld. The court clarified that the exemption notification was issued under the powers of Section 25 of the Customs Act, 1962. The appeal was disposed of with the department having the liberty to seek revival if the respondent-company challenged the sale of assets and resumed operations. en-us Tue, 06 Sep 2016 00:00:00 +0530 Thu, 05 Jan 2017 11:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332360 The court disposed of the appeal, allowing confiscation of goods under Section 111(o) of the Customs Act, 1962. The Customs, Excise and Service Tax Appellate Tribunal's decision to set aside the confiscation and penalties based on exemption notification No. 111/95-Cus. was upheld. The court clarified that the exemption notification was issued under the powers of Section 25 of the Customs Act, 1962. The appeal was disposed of with the department having the liberty to seek revival if the respondent-company challenged the sale of assets and resumed operations. Case-Laws Customs Tue, 06 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332360