https://www.taxtmi.com/caselaws?id=32489 The Court ruled in favor of the petitioner, holding them not liable to pay the redemption fine. The petitioner's argument that the purchaser should be liable for the redemption fine after selling the goods was rejected. The Court found that as the duty paid exceeded the market price of the goods, the redemption fine could not be imposed according to the Customs Act. Consequently, the petitioner was absolved of the liability to pay the redemption fine. en-us Thu, 18 Sep 2008 00:00:00 +0530 Sun, 01 Mar 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32489 The Court ruled in favor of the petitioner, holding them not liable to pay the redemption fine. The petitioner's argument that the purchaser should be liable for the redemption fine after selling the goods was rejected. The Court found that as the duty paid exceeded the market price of the goods, the redemption fine could not be imposed according to the Customs Act. Consequently, the petitioner was absolved of the liability to pay the redemption fine. Case-Laws Customs Thu, 18 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32489