https://www.taxtmi.com/caselaws?id=393626 The Commissioner (Appeals) upheld the confiscation of imported marble blocks under Section 111(d) of the Customs Act, 1962 due to the importer's failure to produce a valid import license. The redemption fine of &8377; 20,00,000 was set aside as the goods had been auctioned during the appeal process, while the penalty of &8377; 10,00,000 was upheld. The Tribunal referred the issue of deducting the redemption fine from sale proceeds when goods are unavailable for redemption to a Larger Bench for clarification, underscoring the need for resolving conflicting interpretations in import regulations and confiscation procedures. en-us Fri, 13 Mar 2020 00:00:00 +0530 Fri, 13 Nov 2020 10:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393626 The Commissioner (Appeals) upheld the confiscation of imported marble blocks under Section 111(d) of the Customs Act, 1962 due to the importer's failure to produce a valid import license. The redemption fine of &8377; 20,00,000 was set aside as the goods had been auctioned during the appeal process, while the penalty of &8377; 10,00,000 was upheld. The Tribunal referred the issue of deducting the redemption fine from sale proceeds when goods are unavailable for redemption to a Larger Bench for clarification, underscoring the need for resolving conflicting interpretations in import regulations and confiscation procedures. Case-Laws Customs Fri, 13 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393626