https://www.taxtmi.com/caselaws?id=309768 The petition challenging the order offering redemption fine of Rs. 6,00,000 in lieu of confiscation of seized gold under the Customs Act, 1962 was dismissed. The court upheld the revisional authority's decision to offer redemption fine, emphasizing the distinction in Section 125(1) between prohibited and non-prohibited goods, with the latter allowing for redemption fine at the discretion of the competent authority. The court referenced previous judgments supporting the interpretation of Section 125 and affirmed the authority's discretion in such cases. en-us Tue, 22 Feb 2022 00:00:00 +0530 Thu, 21 Sep 2023 07:30:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309768 The petition challenging the order offering redemption fine of Rs. 6,00,000 in lieu of confiscation of seized gold under the Customs Act, 1962 was dismissed. The court upheld the revisional authority's decision to offer redemption fine, emphasizing the distinction in Section 125(1) between prohibited and non-prohibited goods, with the latter allowing for redemption fine at the discretion of the competent authority. The court referenced previous judgments supporting the interpretation of Section 125 and affirmed the authority's discretion in such cases. Case-Laws Customs Tue, 22 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309768