Redemption fine and penalty imposed by the Revenue Department without final assessment is not permissible

Last updated: 02 August 2021

Court :
CESTAT Chandigarh

Brief :
The Hon'ble CESTAT Chandigarh in matter of M/sJ.S. Steel Traders v. the Commissioner of Customs, Ludhiana [Custom Appeal No. 60037 of 2021, Final Order No. 60840/2021 dated May 24, 2021] set aside the order passed by the Revenue Department, imposing redemption fine and penalties on the assessee. Held that, without finalization of the assessment, re-assessment of the bill of entry and duty paid by the assessee under Section 18(2) of the Customs Act cannot be adjusted and the duty, interest, 15% penalty in terms of Section 28(5) of the Customs Act, 1962 ('the Customs Act')paid by the assessee is sufficient.

Citation :
[Custom Appeal No. 60037 of 2021, Final Order No. 60840/2021 dated May 24, 2021]

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Bimal Jain

Published in Custom
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Redemption fine and penalty imposed by the Revenue Department without final assessment is not permissible

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