https://www.taxtmi.com/caselaws?id=82181 The appeal was dismissed against the Collector of Customs' order confiscating goods and imposing a redemption fine. The Tribunal upheld the confiscation of goods worth Rs. 95,751 (Snap Fasteners) and reduced the redemption fine from Rs. 70,000 to Rs. 30,000. The appellants failed to produce required import licenses, leading to non-compliance with import policy regulations. The judgment emphasized adherence to import policies and consequences of non-compliance under Section 111(d) of the Customs Act, 1962. en-us Wed, 04 Nov 1992 00:00:00 +0530 Sat, 02 Jul 2011 15:20:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=82181 The appeal was dismissed against the Collector of Customs' order confiscating goods and imposing a redemption fine. The Tribunal upheld the confiscation of goods worth Rs. 95,751 (Snap Fasteners) and reduced the redemption fine from Rs. 70,000 to Rs. 30,000. The appellants failed to produce required import licenses, leading to non-compliance with import policy regulations. The judgment emphasized adherence to import policies and consequences of non-compliance under Section 111(d) of the Customs Act, 1962. Case-Laws Customs Wed, 04 Nov 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=82181