https://www.taxtmi.com/caselaws?id=428590 The Tribunal upheld the confiscation of imported goods under section 111(o) of the Customs Act, 1962, due to the appellant's failure to re-export within the specified time frame under Notification No.04/2018, despite extensions requested citing the Covid-19 pandemic. The Tribunal emphasized strict compliance with Carnet conditions and upheld the reduction of the redemption fine by the Commissioner (Appeals) from Rs.2.5 Lakhs to Rs.50,000, ultimately dismissing the appeal and affirming the Commissioner's decision. en-us Tue, 04 Oct 2022 00:00:00 +0530 Thu, 06 Oct 2022 08:35:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428590 The Tribunal upheld the confiscation of imported goods under section 111(o) of the Customs Act, 1962, due to the appellant's failure to re-export within the specified time frame under Notification No.04/2018, despite extensions requested citing the Covid-19 pandemic. The Tribunal emphasized strict compliance with Carnet conditions and upheld the reduction of the redemption fine by the Commissioner (Appeals) from Rs.2.5 Lakhs to Rs.50,000, ultimately dismissing the appeal and affirming the Commissioner's decision. Case-Laws Customs Tue, 04 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428590