CESTAT Delhi Upholds Redemption Fine for Missing Seized Goods

Commissioner of Customs (Preventive) Vs Akay Cones Pvt. Ltd (CESTAT Delhi) In a significant ruling, the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Delhi, has asserted that goods legally seized by customs authorities remain liable for confiscation and redemption fine, even if they subsequently go missing from the taxpayer’s custody. The decision, handed down on June 6, 2025, overturned a part of an earlier order by the Commissioner (Adjudication) that had absolved M/s Akay Cones Pvt. Ltd. and M/s Intrade Impex Pvt. Ltd. from paying a redemption fine on fabric rolls that dis...