SC Sets Aside Redemption Fine for No Breach of Bonded Warehouse Licence conditions

Commissioner of Customs Vs Ganesh Benzoplast Limited (Supreme Court of India) Redemption fine and penalty was set aside by SC when there was no breach of licence conditions for bonded warehousing In the case of Commissioner of Customs, Nhava Sheva-I v. Ganesh Benzoplast Limited, the Supreme Court upheld the decision of the Bombay High Court, which had dismissed the Customs Appeal. The central issue was whether redemption fines and penalties were correctly imposed on Ganesh Benzoplast Limited for alleged breaches of its public bonded warehouse license. The Commissioner of Customs had alleged vi...