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of <h1>Appellate Tribunal Reverses Customs Duty Order for M/s. Khub Engg. Indus. Pvt. Ltd.</h1> The appellate tribunal set aside the order demanding customs duty and redemption fine on M/s. Khub Engg. Indus. Pvt. Ltd. for not meeting export ... Export Oriented Unit - Redemption fine The appellate tribunal set aside the order demanding customs duty and redemption fine on M/s. Khub Engg. Indus. Pvt. Ltd. for not meeting export obligations after importing capital goods. The tribunal noted that the goods were not misused and the appellants declared they were not interested in redeeming them. If they choose to redeem later, they must pay the duty and penalty. The appeal was allowed.
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