https://www.taxtmi.com/caselaws?id=762835 CESTAT Ahmedabad ruled on export of rice classified as Basmati versus non-Basmati. The tribunal found that rice classification should be based on length and breadth parameters per foreign trade policy, not percentage of other rice. The court held that redemption fine of Rs. 6,00,000 under Section 125 of Customs Act was illegal since exported goods were unavailable for confiscation. Redemption fine is only imposable when goods are available for redemption. The tribunal set aside the redemption fine and remanded the matter to adjudicating authority for reconsideration. Appeal allowed by way of remand. en-us Tue, 03 Dec 2024 00:00:00 +0530 Mon, 09 Dec 2024 08:44:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762835 CESTAT Ahmedabad ruled on export of rice classified as Basmati versus non-Basmati. The tribunal found that rice classification should be based on length and breadth parameters per foreign trade policy, not percentage of other rice. The court held that redemption fine of Rs. 6,00,000 under Section 125 of Customs Act was illegal since exported goods were unavailable for confiscation. Redemption fine is only imposable when goods are available for redemption. The tribunal set aside the redemption fine and remanded the matter to adjudicating authority for reconsideration. Appeal allowed by way of remand. Case-Laws Customs Tue, 03 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762835