https://www.taxtmi.com/caselaws?id=424297 The Tribunal upheld the confiscation of 26 bikes due to lack of model number marking and non-compliance with BIS standards but allowed the release of the remaining 157 bikes for home consumption upon payment of a reduced redemption fine. The dispute over the identity of re-imported goods resulted in the confiscation and re-export order for 26 bikes with erased markings, while the penalty under the Customs Act, 1962 was reduced from Rs.50,000 to Rs.1,000, with modified redemption fine requirements for the bikes allowed for home consumption. en-us Fri, 24 Jun 2022 00:00:00 +0530 Sun, 26 Jun 2022 22:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424297 The Tribunal upheld the confiscation of 26 bikes due to lack of model number marking and non-compliance with BIS standards but allowed the release of the remaining 157 bikes for home consumption upon payment of a reduced redemption fine. The dispute over the identity of re-imported goods resulted in the confiscation and re-export order for 26 bikes with erased markings, while the penalty under the Customs Act, 1962 was reduced from Rs.50,000 to Rs.1,000, with modified redemption fine requirements for the bikes allowed for home consumption. Case-Laws Customs Fri, 24 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424297