https://www.taxtmi.com/caselaws?id=343263 The Appellate Tribunal CESTAT MUMBAI overturned the Commissioner's order regarding violation and misuse of the DEEC scheme. Despite the goods not being available for confiscation, the Tribunal held that they could be confiscated under the Customs Act, 1962. The matter was remanded for the determination of a redemption fine in lieu of confiscation, emphasizing the authority's power to impose fines even if goods were released under bond. The Tribunal's decision was based on legal principles governing the release of goods under bond and the authority's discretion to levy redemption fines. en-us Thu, 29 Dec 2016 00:00:00 +0530 Wed, 07 Feb 2018 18:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343263 The Appellate Tribunal CESTAT MUMBAI overturned the Commissioner's order regarding violation and misuse of the DEEC scheme. Despite the goods not being available for confiscation, the Tribunal held that they could be confiscated under the Customs Act, 1962. The matter was remanded for the determination of a redemption fine in lieu of confiscation, emphasizing the authority's power to impose fines even if goods were released under bond. The Tribunal's decision was based on legal principles governing the release of goods under bond and the authority's discretion to levy redemption fines. Case-Laws Customs Thu, 29 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343263