https://www.taxtmi.com/caselaws?id=793394 The Tribunal's order on confiscated goods was upheld because it gave valid reasons for maintaining the redemption fine, reducing the composite penalties under Sections 112(a) and 112(b), reducing the penalty under Section 114AA, and allowing set-off of amounts already deposited. No further reduction was warranted, so the Court declined to interfere. The goods were directed to be released for re-export in terms of the Tribunal's order, and the compounding application was to be decided within four weeks. en-us Fri, 12 Jun 2026 00:00:00 +0530 Sat, 13 Jun 2026 12:23:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793394 The Tribunal's order on confiscated goods was upheld because it gave valid reasons for maintaining the redemption fine, reducing the composite penalties under Sections 112(a) and 112(b), reducing the penalty under Section 114AA, and allowing set-off of amounts already deposited. No further reduction was warranted, so the Court declined to interfere. The goods were directed to be released for re-export in terms of the Tribunal's order, and the compounding application was to be decided within four weeks. Case-Laws Customs Fri, 12 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793394