CESTAT Delhi Directs Assessee to Pay Redemption Fine for Missing Seized Goods

Commissioner of Customs (Preventive) Vs Akay Conces Pvt. Ltd. (CESTAT Delhi)

Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi Bench, has ruled that an assessee must pay a redemption fine for seized goods that go missing while in their safe custody under a supardaginama. The Tribunal allowed two appeals filed by the Commissioner of Customs (Preventive), setting aside a portion of an earlier order that had refrained from imposing a redemption fine on such missing goods, stating that the goods’ liability for confiscation does not cease simply because t

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