https://www.taxtmi.com/caselaws?id=307343 The Commissioner (Appeals) upheld the confiscation of imported marble blocks due to the absence of a valid import license, with an option for redemption on payment of a fine and imposition of a penalty. The redemption fine was set aside, and the penalty was directed to be deducted from the sale proceeds, allowing the importer to claim the remaining amount. The conflicting interpretations on the applicability of redemption fines and penalties when goods are not available for redemption led the Tribunal to refer the matter to a Larger Bench for clarification. en-us Fri, 13 Mar 2020 00:00:00 +0530 Fri, 07 Apr 2023 08:40:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307343 The Commissioner (Appeals) upheld the confiscation of imported marble blocks due to the absence of a valid import license, with an option for redemption on payment of a fine and imposition of a penalty. The redemption fine was set aside, and the penalty was directed to be deducted from the sale proceeds, allowing the importer to claim the remaining amount. The conflicting interpretations on the applicability of redemption fines and penalties when goods are not available for redemption led the Tribunal to refer the matter to a Larger Bench for clarification. Case-Laws Customs Fri, 13 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307343