https://www.taxtmi.com/caselaws?id=47684 The court overturned the Tribunal's decision, ruling that under Section 125(2) of the Customs Act, the obligation to pay customs duty arises upon the imposition of a fine in lieu of confiscation, irrespective of whether the importer opts to redeem the goods. The court clarified that the duty is enforceable upon the passing of an order under Section 125(1), independent of the owner's choice to redeem the goods. Consequently, the appeals were allowed, and the Tribunal's interpretation was set aside. en-us Fri, 28 Apr 2006 00:00:00 +0530 Thu, 07 Mar 2024 17:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47684 The court overturned the Tribunal's decision, ruling that under Section 125(2) of the Customs Act, the obligation to pay customs duty arises upon the imposition of a fine in lieu of confiscation, irrespective of whether the importer opts to redeem the goods. The court clarified that the duty is enforceable upon the passing of an order under Section 125(1), independent of the owner's choice to redeem the goods. Consequently, the appeals were allowed, and the Tribunal's interpretation was set aside. Case-Laws Customs Fri, 28 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47684