https://www.taxtmi.com/caselaws?id=198862 The Tribunal upheld the confiscation of imported restricted goods due to the importer's failure to provide a valid license, imposing a redemption fine and penalty under the Customs Act. Despite the goods being disposed of by Customs, the importer was granted the right to claim a portion of the sale proceeds from the auction, with the penalty deductible from the proceeds. The appeal concluded with the decision that the importer could seek the sale proceeds from Customs authorities following relevant regulations. en-us Tue, 24 Jan 2017 00:00:00 +0530 Sat, 10 Feb 2018 17:19:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198862 The Tribunal upheld the confiscation of imported restricted goods due to the importer's failure to provide a valid license, imposing a redemption fine and penalty under the Customs Act. Despite the goods being disposed of by Customs, the importer was granted the right to claim a portion of the sale proceeds from the auction, with the penalty deductible from the proceeds. The appeal concluded with the decision that the importer could seek the sale proceeds from Customs authorities following relevant regulations. Case-Laws Customs Tue, 24 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198862