https://www.taxtmi.com/caselaws?id=346288 The court upheld the CESTAT's decision, ruling that there was no contravention of section 111(j) of the Customs Act regarding confiscation. It deemed the clearance of goods based on port clearance permissions valid, emphasizing the importers' compliance with necessary formalities. The court endorsed the treatment of imported goods as vessels, not cargo, and found that confiscation under section 111(j) was not justified, considering the importers' readiness to pay duty. The Tribunal's order, though delayed, was deemed sustainable, leading to the dismissal of the appeal and maintenance of the CESTAT order in favor of the assessee. en-us Thu, 13 Jul 2017 00:00:00 +0530 Sat, 10 Nov 2018 11:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346288 The court upheld the CESTAT's decision, ruling that there was no contravention of section 111(j) of the Customs Act regarding confiscation. It deemed the clearance of goods based on port clearance permissions valid, emphasizing the importers' compliance with necessary formalities. The court endorsed the treatment of imported goods as vessels, not cargo, and found that confiscation under section 111(j) was not justified, considering the importers' readiness to pay duty. The Tribunal's order, though delayed, was deemed sustainable, leading to the dismissal of the appeal and maintenance of the CESTAT order in favor of the assessee. Case-Laws Customs Thu, 13 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346288