https://www.taxtmi.com/highlights?id=75317 Levy of customs duty - Aviation Turbine Fuel (ATF) - confiscation u/s 111 (f) (j) and (m) - penalty - ATF was held liable for confiscation, but since goods were not physically available, redemption fine was not imposed. - Tribunal upheld the decision, emphasizing that redemption fine couldn't be imposed on non-existent goods. - Regarding valuation, the Tribunal affirmed previous rulings that freight, insurance, and landing charges need not be included in ATF's assessable value. en-us Fri, 01 Mar 2024 07:32:06 +0530 Fri, 01 Mar 2024 07:32:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=75317 Levy of customs duty - Aviation Turbine Fuel (ATF) - confiscation u/s 111 (f) (j) and (m) - penalty - ATF was held liable for confiscation, but since goods were not physically available, redemption fine was not imposed. - Tribunal upheld the decision, emphasizing that redemption fine couldn't be imposed on non-existent goods. - Regarding valuation, the Tribunal affirmed previous rulings that freight, insurance, and landing charges need not be included in ATF's assessable value. Highlights Customs Fri, 01 Mar 2024 07:32:06 +0530 https://www.taxtmi.com/highlights?id=75317