https://www.taxtmi.com/caselaws?id=450168 CESTAT New Delhi upheld customs duty demand against CONCOR under section 45(3) after imported goods were pilfered from their custody. The container's customs seal was broken and replaced with an unnumbered private red seal, resulting in loss of goods valued at Rs. 5,93,25,481. The court imposed Rs. 1 lakh penalty on CONCOR under section 117 for inadequate care. The importer was penalized under sections 112(a) and 114AA for knowingly mis-declaring glass chatons as glass beads after examining samples. Goods were held liable for confiscation under section 111, though actual confiscation was impossible due to pilferage. All appeals were dismissed. en-us Mon, 26 Feb 2024 00:00:00 +0530 Tue, 22 Oct 2024 13:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450168 CESTAT New Delhi upheld customs duty demand against CONCOR under section 45(3) after imported goods were pilfered from their custody. The container's customs seal was broken and replaced with an unnumbered private red seal, resulting in loss of goods valued at Rs. 5,93,25,481. The court imposed Rs. 1 lakh penalty on CONCOR under section 117 for inadequate care. The importer was penalized under sections 112(a) and 114AA for knowingly mis-declaring glass chatons as glass beads after examining samples. Goods were held liable for confiscation under section 111, though actual confiscation was impossible due to pilferage. All appeals were dismissed. Case-Laws Customs Mon, 26 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450168