Recovery of Redemption fine from Sale Proceeds- CESTAT refers matter to Larger Bench

Commissioner of Customs Vs Oriental Trimex Ltd. (CESTAT Delhi)

If the confiscated goods allowed to redeemed on a redemption fine then the sale proceeds will be paid only after deduction of such fine

In the given case the importer appellant is engaged in the business of import of marble from various countries into India and the goods in question are covered under the category of restricted goods in terms of provisions of Exim Policy and a license is required for valid importation of these goods as per DGFT Please become a Premium member. If you are already a Premium member, login here to access the full content.