https://www.taxtmi.com/caselaws?id=304769 The Tribunal held that when goods are confiscated and the party does not opt to pay the fine, the sale proceeds vest with the Government, and penalty under Section 112 can still be imposed. The order for payment of sale proceeds without deduction of redemption fine was incorrect. The issue of whether the party can opt to pay the fine at this stage remains open for consideration by the Division Bench. en-us Wed, 31 Mar 2021 00:00:00 +0530 Thu, 20 Oct 2022 22:01:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304769 The Tribunal held that when goods are confiscated and the party does not opt to pay the fine, the sale proceeds vest with the Government, and penalty under Section 112 can still be imposed. The order for payment of sale proceeds without deduction of redemption fine was incorrect. The issue of whether the party can opt to pay the fine at this stage remains open for consideration by the Division Bench. Case-Laws Customs Wed, 31 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304769