https://www.taxtmi.com/caselaws?id=424818 The High Court upheld the Customs, Excise, and Service Tax Appellate Tribunal's decision to allow redemption of confiscated gold upon payment of a fine. The Court found that the Commissioner (Appeals) acted within jurisdiction in modifying the order of absolute confiscation to allow redemption. The Court emphasized the purpose of the Customs Act is to recover customs duty, not confiscate goods. The Tribunal's decision was upheld, and the appeal was dismissed with no costs awarded. en-us Wed, 06 Jul 2022 00:00:00 +0530 Wed, 15 Feb 2023 15:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424818 The High Court upheld the Customs, Excise, and Service Tax Appellate Tribunal's decision to allow redemption of confiscated gold upon payment of a fine. The Court found that the Commissioner (Appeals) acted within jurisdiction in modifying the order of absolute confiscation to allow redemption. The Court emphasized the purpose of the Customs Act is to recover customs duty, not confiscate goods. The Tribunal's decision was upheld, and the appeal was dismissed with no costs awarded. Case-Laws Customs Wed, 06 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424818