Govt can retain excess auction sale proceeds of confiscated goods: SC

Gillette India Ltd. Vs Commissioner of Customs & Ors. (Delhi High Court)

(a) Once there is a failure to pay the redemption fine in lieu of confiscation as determined under Section 125 of the Customs Act, 1962, within the time stipulated, the consequence of the ‘confiscation’ becoming absolute and the confiscated goods vesting absolutely in the central government inevitably

Please become a Premium member. If you are already a Premium member, login here to access the full content.