https://www.taxtmi.com/caselaws?id=341249 Duty-free goods imported by a 100% EOU and diverted into the domestic tariff area were treated as liable to confiscation because the importer breached the bond and undertaking attached to the import. The legal principle applied was that once confiscation is authorised for breach of statutory conditions, Section 125 of the Customs Act, 1962 permits redemption fine even if the goods are no longer physically available after removal or diversion. On that basis, redemption fine in lieu of confiscation was held to be imposable, and the matter was remanded only for determination of the quantum of fine. en-us Wed, 29 Mar 2017 00:00:00 +0530 Wed, 05 Apr 2017 07:05:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341249 Duty-free goods imported by a 100% EOU and diverted into the domestic tariff area were treated as liable to confiscation because the importer breached the bond and undertaking attached to the import. The legal principle applied was that once confiscation is authorised for breach of statutory conditions, Section 125 of the Customs Act, 1962 permits redemption fine even if the goods are no longer physically available after removal or diversion. On that basis, redemption fine in lieu of confiscation was held to be imposable, and the matter was remanded only for determination of the quantum of fine. Case-Laws Central Excise Wed, 29 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341249