Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

2008 (3) TMI 229

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e still lying with the Customs custody without being sold or disposed of for long period of 14 years, lenient view is required to be taken – redemption is allowed subject to that appellants would reprocess and export the goods on release - C/73 and 74/2007 - A/375-376/KOL/2008 - Dated:- 28-3-2008 - Dr. Chittaranjan Satapathy, Member (T) Shri Faisal Faroque, Advocate, for the Appellant. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... he Karnataka Government Forest Department, the appellants should be allowed to take the goods for reprocessing and export. He also prays for lenient consideration as regards the penalties imposed, and states that no separate penalty should be imposed on the partner. 3. Heard the ld. DR for the Department, who states that these goods are prohibited and the action taken by the jurisdictional Com .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... sideration. Accordingly, I allow redemption of the confiscated sandal wood valued at Rs. 64.00 lakhs (Rupees sixty-four lakhs) on a fine of Rs. 8.00 lakhs (Rupees eight lakhs) only subject to the condition that the appellants on release of the same would reprocess the goods into finished sandal wood and export the same within three months from the date of release of the goods in dispute. Penalty o .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates