https://www.taxtmi.com/caselaws?id=800943 Timely payment of duty, interest and the prescribed penalty under the statutory settlement mechanism deems all matters stated in the customs notice concluded, except proceedings expressly preserved by law. Because confiscation proceedings are not preserved among the specified exceptions, confiscation cannot continue after such payment. Redemption fine, being dependent on valid confiscation, is likewise unavailable; provisional release of goods and the proviso governing redemption fine do not revive concluded proceedings. Penalty proceedings forming part of the notice also terminate, as no discretion remains to selectively continue them after deemed conclusion. en-us Mon, 12 Oct 2026 00:00:00 +0530 Wed, 14 Oct 2026 06:17:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800943 Timely payment of duty, interest and the prescribed penalty under the statutory settlement mechanism deems all matters stated in the customs notice concluded, except proceedings expressly preserved by law. Because confiscation proceedings are not preserved among the specified exceptions, confiscation cannot continue after such payment. Redemption fine, being dependent on valid confiscation, is likewise unavailable; provisional release of goods and the proviso governing redemption fine do not revive concluded proceedings. Penalty proceedings forming part of the notice also terminate, as no discretion remains to selectively continue them after deemed conclusion. Case-Laws Customs Mon, 12 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800943