https://www.taxtmi.com/caselaws?id=761753 CESTAT Allahabad upheld confiscation of imported old/used cut tires under Section 111(d) of Customs Act after importer diverted goods from permitted Wada unit to Panipat unit without valid authorization. Ministry clarified that Wada unit permission was invalid for Panipat unit consumption, violating import-export policy. Penalty under Section 112 was confirmed but reduced from Rs.4 lakhs to Rs.2 lakhs, and redemption fine decreased from Rs.6 lakhs to Rs.3 lakhs on goods valued at Rs.22 lakhs, considering amounts were excessive. en-us Tue, 15 Oct 2024 00:00:00 +0530 Sat, 16 Nov 2024 08:38:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761753 CESTAT Allahabad upheld confiscation of imported old/used cut tires under Section 111(d) of Customs Act after importer diverted goods from permitted Wada unit to Panipat unit without valid authorization. Ministry clarified that Wada unit permission was invalid for Panipat unit consumption, violating import-export policy. Penalty under Section 112 was confirmed but reduced from Rs.4 lakhs to Rs.2 lakhs, and redemption fine decreased from Rs.6 lakhs to Rs.3 lakhs on goods valued at Rs.22 lakhs, considering amounts were excessive. Case-Laws Customs Tue, 15 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761753