https://www.taxtmi.com/caselaws?id=272869 The Appellate Tribunal CESTAT ALLAHABAD upheld the order allowing redemption of seized gold on payment of a fine, dismissing the Revenue's appeal. The Tribunal determined that since the gold was not prohibited under the Customs Act, it could not be absolutely confiscated under Section 125. The judgment emphasizes that only prohibited goods can be subjected to redemption fines, highlighting the necessity to align confiscation actions with the provisions of the Customs Act for a fair application of penalties in customs-related cases. en-us Wed, 13 Sep 2017 00:00:00 +0530 Tue, 22 May 2018 07:36:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272869 The Appellate Tribunal CESTAT ALLAHABAD upheld the order allowing redemption of seized gold on payment of a fine, dismissing the Revenue's appeal. The Tribunal determined that since the gold was not prohibited under the Customs Act, it could not be absolutely confiscated under Section 125. The judgment emphasizes that only prohibited goods can be subjected to redemption fines, highlighting the necessity to align confiscation actions with the provisions of the Customs Act for a fair application of penalties in customs-related cases. Case-Laws Customs Wed, 13 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272869