https://www.taxtmi.com/caselaws?id=440510 The HC upheld the Tribunal's decision to set aside both the redemption fine and penalty imposed under Sections 125 and 112(a) of the Customs Act. The Tribunal found that the confiscation order was not applicable as the goods were not seized or released against bond and bank guarantee, and thus, redemption fine was not warranted. Additionally, the penalty under Section 112(a) was not applicable since the goods were not liable for confiscation, and there was no deliberate intent to evade duty by the respondent, a Public Sector Undertaking. The HC dismissed the revenue's appeal, finding no substantial question of law. en-us Tue, 18 Jul 2023 00:00:00 +0530 Wed, 31 Jan 2024 11:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440510 The HC upheld the Tribunal's decision to set aside both the redemption fine and penalty imposed under Sections 125 and 112(a) of the Customs Act. The Tribunal found that the confiscation order was not applicable as the goods were not seized or released against bond and bank guarantee, and thus, redemption fine was not warranted. Additionally, the penalty under Section 112(a) was not applicable since the goods were not liable for confiscation, and there was no deliberate intent to evade duty by the respondent, a Public Sector Undertaking. The HC dismissed the revenue's appeal, finding no substantial question of law. Case-Laws Customs Tue, 18 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440510