https://www.taxtmi.com/caselaws?id=31701 Imported and indigenous goods were examined and cleared through the prescribed procedure with departmental knowledge, including STPI approval and CT-3 certificates, so the exemption assessments attained finality when not challenged by Revenue. On that basis, the goods were not treated as liable to confiscation under Section 111(o) of the Customs Act, 1962. Voluntary payment of duty and interest before the show cause notice, together with the absence of suppression or mala fide intent, also weighed against penalty and redemption fine. Revenue's challenge to the Commissioner's refusal to impose confiscation, redemption fine, and penalty failed. en-us Fri, 27 Jun 2008 00:00:00 +0530 Tue, 02 Dec 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31701 Imported and indigenous goods were examined and cleared through the prescribed procedure with departmental knowledge, including STPI approval and CT-3 certificates, so the exemption assessments attained finality when not challenged by Revenue. On that basis, the goods were not treated as liable to confiscation under Section 111(o) of the Customs Act, 1962. Voluntary payment of duty and interest before the show cause notice, together with the absence of suppression or mala fide intent, also weighed against penalty and redemption fine. Revenue's challenge to the Commissioner's refusal to impose confiscation, redemption fine, and penalty failed. Case-Laws Customs Fri, 27 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31701