https://www.taxtmi.com/caselaws?id=460915 CESTAT Chennai held that appellant failed to meet Transfer of Residence conditions under Customs Act, 1962 for importing used motor vehicle, warranting confiscation and penalty. However, tribunal modified order allowing redemption option instead of mandatory re-export, citing that Section 125 doesn't empower authorities to compel re-export as sole redemption condition. Penalty under Section 112(a) reduced to Rs.1,00,000. Matter remanded to adjudicating authority for re-determination of duties and redemption fine with instructions to consider waiver of detention and demurrage charges. Appeal disposed through remand. en-us Wed, 28 Feb 2024 00:00:00 +0530 Sat, 01 Mar 2025 22:40:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460915 CESTAT Chennai held that appellant failed to meet Transfer of Residence conditions under Customs Act, 1962 for importing used motor vehicle, warranting confiscation and penalty. However, tribunal modified order allowing redemption option instead of mandatory re-export, citing that Section 125 doesn't empower authorities to compel re-export as sole redemption condition. Penalty under Section 112(a) reduced to Rs.1,00,000. Matter remanded to adjudicating authority for re-determination of duties and redemption fine with instructions to consider waiver of detention and demurrage charges. Appeal disposed through remand. Case-Laws Customs Wed, 28 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460915