Temporary retention of goods in non-bonded area with permission from customs authorities allowable

Akshay Logistics Vs Commissioner of Customs (CESTAT Mumbai) CESTAT Mumbai held that there is no provision/ stipulation that prohibits temporary retention of goods in non-bonded area while remedies were under way and, that too, with permission from customs authorities. Accordingly, redemption fine and penalties set aside. Facts- The present appeal has been filed by the appellant having a public warehouse licenced u/s. 57 of Customs Act, 1962. The proceedings were premised on statutory oversight inhering in the licensor in furtherance of authorization to licencee as ‘receiver’ and ‘custodi...