M/S Bisco Limited Through Its Managing ... vs Commissioner Of Customs And Central ...

The Supreme Court, in a statutory appeal under Section 130E of the Customs Act, 1962, upheld the order of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) dismissing the appellant's appeal against the Commissioner of Customs' order. The Court confirmed the duty demand of Rs.3,99,255.00 and a penalty of Rs.1 lakh imposed under Section 112, along with interest under Section 28AB. The confiscation of 264 cases of imported goods under Section 111 was also upheld, allowing redemption upon payment of a fine of Rs.2 lakhs, thereby affirming the Commissioner’s authority in customs enforcement.