https://www.taxtmi.com/caselaws?id=190294 The Tribunal dismissed the appeal by Revenue in the case involving M/s. Truwoods Pvt. Ltd., emphasizing the need for legal compliance and proper interpretation of relevant sections of the Customs Act, 1962. The appeal aimed to confiscate goods already cleared for home consumption under Section 111(m) of the Act, but the Tribunal noted that the relief sought lacked statutory backing. The case clarified the distinction between provisional release of seized goods and provisional assessment under Section 18, highlighting the importance of adherence to statutory provisions in cases of confiscation and provisional assessment. en-us Thu, 17 Dec 2015 00:00:00 +0530 Sat, 11 Feb 2017 10:37:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190294 The Tribunal dismissed the appeal by Revenue in the case involving M/s. Truwoods Pvt. Ltd., emphasizing the need for legal compliance and proper interpretation of relevant sections of the Customs Act, 1962. The appeal aimed to confiscate goods already cleared for home consumption under Section 111(m) of the Act, but the Tribunal noted that the relief sought lacked statutory backing. The case clarified the distinction between provisional release of seized goods and provisional assessment under Section 18, highlighting the importance of adherence to statutory provisions in cases of confiscation and provisional assessment. Case-Laws Customs Thu, 17 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190294