https://www.taxtmi.com/caselaws?id=370557 Customs and central excise dues were held recoverable from the sale proceeds of auctioned machinery because the duty liability had already been upheld and could not be reopened. The Tribunal maintained that the recorded commitment that departmental dues would be met from the sale proceeds remained operative, so the appellant was bound to discharge the dues from those proceeds. Penalty under Section 112 of the Customs Act was set aside because the machinery was not confiscated and there was no factual basis showing the appellant's participation in conduct rendering the goods liable to confiscation. The appeal succeeded only to the extent of deleting the penalty. en-us Mon, 22 Oct 2018 00:00:00 +0530 Tue, 20 Nov 2018 07:44:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370557 Customs and central excise dues were held recoverable from the sale proceeds of auctioned machinery because the duty liability had already been upheld and could not be reopened. The Tribunal maintained that the recorded commitment that departmental dues would be met from the sale proceeds remained operative, so the appellant was bound to discharge the dues from those proceeds. Penalty under Section 112 of the Customs Act was set aside because the machinery was not confiscated and there was no factual basis showing the appellant's participation in conduct rendering the goods liable to confiscation. The appeal succeeded only to the extent of deleting the penalty. Case-Laws Central Excise Mon, 22 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370557