https://www.taxtmi.com/caselaws?id=50660 The appeal was filed against an Adjudication Order confiscating a Toyota Lexus GS300 car and demanding duty amounting to Rs. 6,08,808 due to discrepancies in acquisition date and undervaluation. The subsequent purchaser was held liable for customs duty, challenging the interpretation of Sections 28 and 125 of the Customs Act. The Tribunal reduced the redemption fine from Rs. 15 lakhs to Rs. 3 lakhs, emphasizing duty payment upon redemption by the owner of confiscated goods, whether the importer or subsequent purchaser, leading to a referral to a Larger Bench for clarification on duty liability. en-us Wed, 08 Aug 2001 00:00:00 +0530 Wed, 25 Aug 2010 11:53:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50660 The appeal was filed against an Adjudication Order confiscating a Toyota Lexus GS300 car and demanding duty amounting to Rs. 6,08,808 due to discrepancies in acquisition date and undervaluation. The subsequent purchaser was held liable for customs duty, challenging the interpretation of Sections 28 and 125 of the Customs Act. The Tribunal reduced the redemption fine from Rs. 15 lakhs to Rs. 3 lakhs, emphasizing duty payment upon redemption by the owner of confiscated goods, whether the importer or subsequent purchaser, leading to a referral to a Larger Bench for clarification on duty liability. Case-Laws Customs Wed, 08 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50660