https://www.taxtmi.com/caselaws?id=351375 The Tribunal ruled in favor of the appellants, setting aside the Order of the Commissioner (Appeals) that confiscated goods valued at Rs. 1.02 Crores without detention or seizure. The Tribunal found the confiscation legally unsustainable as the goods had already been cleared without conditions. Additionally, the Tribunal deemed the appellants' delayed penalty payment under Section 28 (5) of the Finance Act, 2015 as timely due to operational constraints. The imposition of a separate penalty on the partner of the importing firm was also overturned, leading to the appeals being allowed and the impugned order being overturned. en-us Thu, 21 Sep 2017 00:00:00 +0530 Thu, 21 Feb 2019 14:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351375 The Tribunal ruled in favor of the appellants, setting aside the Order of the Commissioner (Appeals) that confiscated goods valued at Rs. 1.02 Crores without detention or seizure. The Tribunal found the confiscation legally unsustainable as the goods had already been cleared without conditions. Additionally, the Tribunal deemed the appellants' delayed penalty payment under Section 28 (5) of the Finance Act, 2015 as timely due to operational constraints. The imposition of a separate penalty on the partner of the importing firm was also overturned, leading to the appeals being allowed and the impugned order being overturned. Case-Laws Customs Thu, 21 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351375