https://www.taxtmi.com/caselaws?id=379023 The court held that under Sections 125 and 126 of the Customs Act, 1962, if the redemption fine is not paid within the stipulated time, the Central Government is entitled to retain the entire auction sale proceeds of the confiscated goods. The court ruled that the government has the right to keep the excess amount after adjusting duty, penalty, interest, and other dues, without any obligation to return it to the importer. The decision in MMTC v. Surjit Singh Kanda was overruled, and the writ petition was dismissed. en-us Tue, 23 Apr 2019 00:00:00 +0530 Sat, 31 Aug 2019 11:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379023 The court held that under Sections 125 and 126 of the Customs Act, 1962, if the redemption fine is not paid within the stipulated time, the Central Government is entitled to retain the entire auction sale proceeds of the confiscated goods. The court ruled that the government has the right to keep the excess amount after adjusting duty, penalty, interest, and other dues, without any obligation to return it to the importer. The decision in MMTC v. Surjit Singh Kanda was overruled, and the writ petition was dismissed. Case-Laws Customs Tue, 23 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379023