https://www.taxtmi.com/caselaws?id=294478 The High Court upheld the imposition of a penalty of Rs. 4 lakhs on the importer, finding it justified due to the importer's non-compliance with import restrictions. The Court dismissed the importer's appeal challenging the penalty and allowed the Revenue's appeal, setting aside the Tribunal's order for the release of goods on payment of redemption fine. The Court emphasized the importance of adhering to the regulatory framework and upheld the confiscation of goods in accordance with the notifications and the Customs Act, 1962. en-us Fri, 22 Jan 2021 00:00:00 +0530 Mon, 26 Jul 2021 10:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294478 The High Court upheld the imposition of a penalty of Rs. 4 lakhs on the importer, finding it justified due to the importer's non-compliance with import restrictions. The Court dismissed the importer's appeal challenging the penalty and allowed the Revenue's appeal, setting aside the Tribunal's order for the release of goods on payment of redemption fine. The Court emphasized the importance of adhering to the regulatory framework and upheld the confiscation of goods in accordance with the notifications and the Customs Act, 1962. Case-Laws Customs Fri, 22 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294478