2000 (3) TMI 1027 - AT - Customs

Summary

The judgment pertains to the demand of duty on goods confiscated but allowed to be redeemed on payment of redemption fine without collecting the duty. The Appellate Tribunal held that duty must be collected at the time of redeeming goods as per Section 125 of the Customs Act, 1962. The impugned order was set aside, and the appeal of the Revenue was allowed on this point. The Tribunal did not interfere with the quantum of redemption fine as the Department failed to provide evidence regarding profit margins.