https://www.taxtmi.com/caselaws?id=794499 Payment of duty, interest and the prescribed 15% penalty within the time contemplated by section 28(5) of the Customs Act brought the proceedings to finality to that extent, so a higher penalty and redemption fine could not be sustained. Those amounts were set aside. The denial of exemption under Notification No. 50/2017-Cus and the corresponding differential customs duty were upheld because no substantive challenge on merits was pressed, and the record supported ineligibility for the exemption. Relief was therefore confined to deletion of the additional penalty and redemption fine, while the duty demand and exemption denial remained in force. en-us Mon, 29 Jun 2026 00:00:00 +0530 Tue, 07 Jul 2026 08:39:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794499 Payment of duty, interest and the prescribed 15% penalty within the time contemplated by section 28(5) of the Customs Act brought the proceedings to finality to that extent, so a higher penalty and redemption fine could not be sustained. Those amounts were set aside. The denial of exemption under Notification No. 50/2017-Cus and the corresponding differential customs duty were upheld because no substantive challenge on merits was pressed, and the record supported ineligibility for the exemption. Relief was therefore confined to deletion of the additional penalty and redemption fine, while the duty demand and exemption denial remained in force. Case-Laws Customs Mon, 29 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794499