Customs can impose redemption fine u/s 125 even after goods are released on bond. Authority remains intact.
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....Imposition of redemption fine - section 125 of CA - goods in question have already been released in favour of the assessee on a bond - the mere fact that the goods were released on the bond being executed would not take away the power of the customs authorities to levy redemption fine.....




TaxTMI
TaxTMI