https://www.taxtmi.com/article/detailed?id=8981 Seizure vests title in the Government; when confiscated imported goods are sold by Customs the total sale proceeds must be treated as the cum duty value for backward calculation of customs duty. Duty so determined, together with the redemption fine and any penalty, is payable and recoverable from sale proceeds in priority to any refund. If confiscation or redemption orders attain finality, refunds to the importer are permissible only after deduction of these amounts; premature disposal risks loss of recoverable duty unless appellate remedies are pursued. en-us Sat, 29 Feb 2020 10:06:38 +0530 Sat, 29 Feb 2020 10:06:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8981 Seizure vests title in the Government; when confiscated imported goods are sold by Customs the total sale proceeds must be treated as the cum duty value for backward calculation of customs duty. Duty so determined, together with the redemption fine and any penalty, is payable and recoverable from sale proceeds in priority to any refund. If confiscation or redemption orders attain finality, refunds to the importer are permissible only after deduction of these amounts; premature disposal risks loss of recoverable duty unless appellate remedies are pursued. Articles Customs - Import - Export - SEZ Sat, 29 Feb 2020 10:06:38 +0530 https://www.taxtmi.com/article/detailed?id=8981