Auction Deposit Refund Allowed as Confiscated Cigarettes Could Not Be Released Under CBIC Circular: CESTAT Delhi

Muchipara Consumers Co-Operative Stores Ltd Vs Commissioner of Customs (Appeals) (CESTAT Delhi) The appellant participated in a Customs Department e-auction notified on 25.01.2017 and held on 07.02.2017 for sale of seized/confiscated cigarettes. As per auction terms, bidders had to deposit ₹25,000 as security. The highest bidder was required to deposit additional security within three days of auction closing, and the balance sale value along with applicable duties and taxes was payable within five days from issuance of the acceptance letter/sale order. The appellant deposited ₹25,000 for p...