https://www.taxtmi.com/caselaws?id=83208 The Tribunal affirmed the confiscation and penalty imposed by the Addl. Collector under Sections 111(d) and 112 of the Customs Act, 1962, against M/s. Essma Woollen Mills for misdeclaration. However, the redemption fine and penalty were reduced to Rs. 30,000 and Rs. 20,000, respectively, considering the machine's age and the importer being the actual user. The decision was based on the machine being older than 7 years, discrepancies in evidence, and the absence of a specific license, leading to a modification of the original order. en-us Tue, 08 Mar 1994 00:00:00 +0530 Mon, 11 Jul 2011 16:55:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83208 The Tribunal affirmed the confiscation and penalty imposed by the Addl. Collector under Sections 111(d) and 112 of the Customs Act, 1962, against M/s. Essma Woollen Mills for misdeclaration. However, the redemption fine and penalty were reduced to Rs. 30,000 and Rs. 20,000, respectively, considering the machine's age and the importer being the actual user. The decision was based on the machine being older than 7 years, discrepancies in evidence, and the absence of a specific license, leading to a modification of the original order. Case-Laws Customs Tue, 08 Mar 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83208