https://www.taxtmi.com/caselaws?id=82842 The Tribunal upheld the confiscation of second-hand machinery, a Linotype Phototype setting system, valued at US $30,500 c.i.f., under Section 111(d) of the Customs Act, 1962. The machinery was allowed to be redeemed on payment of a fine of Rs. 2,00,000. The appellants' challenge was dismissed as they failed to establish a firm contract for importation and the machinery did not comply with import policies in force during the relevant period. The appeal was dismissed, and the redemption fine was upheld as not excessive. en-us Wed, 10 Nov 1993 00:00:00 +0530 Thu, 07 Jul 2011 16:49:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=82842 The Tribunal upheld the confiscation of second-hand machinery, a Linotype Phototype setting system, valued at US $30,500 c.i.f., under Section 111(d) of the Customs Act, 1962. The machinery was allowed to be redeemed on payment of a fine of Rs. 2,00,000. The appellants' challenge was dismissed as they failed to establish a firm contract for importation and the machinery did not comply with import policies in force during the relevant period. The appeal was dismissed, and the redemption fine was upheld as not excessive. Case-Laws Customs Wed, 10 Nov 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=82842