https://www.taxtmi.com/caselaws?id=799406 Section 125 of the Customs Act does not permit conditional redemption requiring re-export. Accordingly, prohibited goods that cannot be cleared for home consumption and are allowed only for re-export should not attract redemption fine. An admitted misdeclaration supports penalty under Section 112(a)(i), although the value of the offending goods and denial of redemption may justify a reduced penalty. Section 114AA applies to false or incorrect information furnished in any business transaction and is not limited to fraudulent export transactions; penalty may therefore arise on that basis. en-us Thu, 23 Jul 2026 00:00:00 +0530 Tue, 22 Sep 2026 08:17:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799406 Section 125 of the Customs Act does not permit conditional redemption requiring re-export. Accordingly, prohibited goods that cannot be cleared for home consumption and are allowed only for re-export should not attract redemption fine. An admitted misdeclaration supports penalty under Section 112(a)(i), although the value of the offending goods and denial of redemption may justify a reduced penalty. Section 114AA applies to false or incorrect information furnished in any business transaction and is not limited to fraudulent export transactions; penalty may therefore arise on that basis. Case-Laws Customs Thu, 23 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799406