https://www.taxtmi.com/caselaws?id=415178 Redemption fine could not be imposed where the importer's bond was executed only to secure compliance with the Advance Licence Scheme exemption conditions, not for provisional release of goods. The record showed that the goods were neither seized nor provisionally released against any specific bond, and the precedent cited by Revenue was distinguishable because it involved seized goods later released provisionally on bond. On those facts, the foundation for invoking redemption fine was absent, and the order dropping redemption fine was upheld. en-us Tue, 09 Nov 2021 00:00:00 +0530 Mon, 29 Nov 2021 08:58:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415178 Redemption fine could not be imposed where the importer's bond was executed only to secure compliance with the Advance Licence Scheme exemption conditions, not for provisional release of goods. The record showed that the goods were neither seized nor provisionally released against any specific bond, and the precedent cited by Revenue was distinguishable because it involved seized goods later released provisionally on bond. On those facts, the foundation for invoking redemption fine was absent, and the order dropping redemption fine was upheld. Case-Laws Customs Tue, 09 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415178