https://www.taxtmi.com/caselaws?id=45076 The Court upheld the Customs Authorities' statutory right to detain and sell goods for duty realization, emphasizing Sections 68, 71, and 72 of the Customs Act, 1962. The purchaser was not liable for Customs Duty as the duty responsibility rested with the company or its representative. The Customs Authorities' claim was distinct from proceedings under the Companies Act, 1956. Sale of warehoused goods without duty payment was deemed invalid, directing the Official Liquidator to settle the Customs Authorities' claim and allowing further realization from the purchaser. The appeal was successful, mandating payment to Customs Authorities within two weeks and denying a stay request by the Bank of India. en-us Thu, 05 Nov 1998 00:00:00 +0530 Thu, 08 Jul 2010 11:57:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=45076 The Court upheld the Customs Authorities' statutory right to detain and sell goods for duty realization, emphasizing Sections 68, 71, and 72 of the Customs Act, 1962. The purchaser was not liable for Customs Duty as the duty responsibility rested with the company or its representative. The Customs Authorities' claim was distinct from proceedings under the Companies Act, 1956. Sale of warehoused goods without duty payment was deemed invalid, directing the Official Liquidator to settle the Customs Authorities' claim and allowing further realization from the purchaser. The appeal was successful, mandating payment to Customs Authorities within two weeks and denying a stay request by the Bank of India. Case-Laws Customs Thu, 05 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=45076