https://www.taxtmi.com/caselaws?id=48234 Redemption fine under Section 125 of the Customs Act, 1962 cannot be sustained where imported goods were released unconditionally, without any bond or undertaking, and were no longer available for confiscation when proceedings were initiated. The court distinguished precedent on constructive availability of goods after release on bond, holding that the statutory basis for confiscation coupled with redemption fine was absent on these facts. Redemption fine was therefore held inapplicable, and the assessee succeeded on this issue. en-us Wed, 23 Apr 2008 00:00:00 +0530 Tue, 09 Sep 2025 11:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=48234 Redemption fine under Section 125 of the Customs Act, 1962 cannot be sustained where imported goods were released unconditionally, without any bond or undertaking, and were no longer available for confiscation when proceedings were initiated. The court distinguished precedent on constructive availability of goods after release on bond, holding that the statutory basis for confiscation coupled with redemption fine was absent on these facts. Redemption fine was therefore held inapplicable, and the assessee succeeded on this issue. Case-Laws Customs Wed, 23 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=48234