Redemption Fine Imposed on Palm Oil Imports at Kochi Port Despite Initial Ruling; Amount Reduced After Revision.

Redemption Fine Imposed on Palm Oil Imports at Kochi Port Despite Initial Ruling; Amount Reduced After Revision. https://www.taxtmi.com/highlights?id=53609 Restriction on import of Palm oil through Kochi Port - Ld. Commissioner erred in holding that no redemption fine could be levied as the goods were not physically available. The goods were provisionally released in terms of a bond submitted by the importers - redemption fine upheld, but the quantum is reduced. en-us Fri, 05 Jun 2020 11:29:46 +0530 Fri, 05 Jun 2020 11:29:46 +0530 TaxTMI RSS Generator Redemption Fine Imposed on Palm Oil Imports at Kochi Port Despite Initial Ruling; Amount Reduced After Revision. https://www.taxtmi.com/highlights?id=53609 Restriction on import of Palm oil through Kochi Port - Ld. Commissioner erred in holding that no redemption fine could be levied as the goods were not physically available. The goods were provisionally released in terms of a bond submitted by the importers - redemption fine upheld, but the quantum is reduced. Highlights Customs Fri, 05 Jun 2020 11:29:46 +0530 https://www.taxtmi.com/highlights?id=53609