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of <h1>Customs Act appeal dismissed, reduced redemption fine imposed.</h1> <h3>HBD PACKAGING PVT. LTD. Versus COMMISSIONER OF CUSTOMS, ICD, TUGHLAKABAD</h3> The appeal against the confiscation of the imported machine under the Customs Act, 1962 was dismissed, and a reduced redemption fine of Rs. 5 lakhs was ... EXIM Policy - Import - Confiscation and redemption fine The appellants imported a second-hand machine declared as manufactured in 1993 but found to be over ten years old. The machine was confiscated under Customs Act, 1962, with an option to release on payment of fine. The appeal against this decision was dismissed, and a reduced redemption fine of Rs. 5 lakhs was imposed.
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