https://www.taxtmi.com/caselaws?id=364955 The Tribunal set aside the redemption fine imposed on imported goods due to import restriction contravention, citing a clarificatory circular with retrospective effect. This decision impacted the penalty aspect, leading to the rejection of the Revenue's appeal against penalty imposition under Section 112 of the Customs Act. The Tribunal also nullified the redemption fine on confiscated goods under Section 111(d) of the Customs Act, making the Revenue's appeal against the penalty aspect moot. en-us Fri, 18 May 2018 00:00:00 +0530 Fri, 21 Feb 2020 12:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364955 The Tribunal set aside the redemption fine imposed on imported goods due to import restriction contravention, citing a clarificatory circular with retrospective effect. This decision impacted the penalty aspect, leading to the rejection of the Revenue's appeal against penalty imposition under Section 112 of the Customs Act. The Tribunal also nullified the redemption fine on confiscated goods under Section 111(d) of the Customs Act, making the Revenue's appeal against the penalty aspect moot. Case-Laws Customs Fri, 18 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364955