https://www.taxtmi.com/caselaws?id=80335 The Tribunal allowed the appeal by M/s Laxmi Woollen Mills, holding that the importation of synthetic rags fell within the Import Policy guidelines. Relying on the Supreme Court's decision and the precedent set in a previous case, the Tribunal set aside the fine and penalty imposed under Section 112 of the Customs Act, 1962. The goods were deemed eligible for importation despite not being completely mutilated as declared, leading to the revocation of the confiscation order under Section 111(d) of the Customs Act, 1962. en-us Thu, 08 Feb 1990 00:00:00 +0530 Thu, 16 Jun 2011 11:39:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=80335 The Tribunal allowed the appeal by M/s Laxmi Woollen Mills, holding that the importation of synthetic rags fell within the Import Policy guidelines. Relying on the Supreme Court's decision and the precedent set in a previous case, the Tribunal set aside the fine and penalty imposed under Section 112 of the Customs Act, 1962. The goods were deemed eligible for importation despite not being completely mutilated as declared, leading to the revocation of the confiscation order under Section 111(d) of the Customs Act, 1962. Case-Laws Customs Thu, 08 Feb 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=80335