https://www.taxtmi.com/caselaws?id=90624 The tribunal upheld the Collector of Customs, Bombay's decision to confiscate three Injection Moulding Machines valued at Rs. 20,76,363 under Section 111(d) of the Customs Act, 1962, and impose a redemption fine and penalty of Rs. 1 lakh under Sections 111(d) and 112, respectively. Despite the appellants' argument of a supplier-induced model substitution due to production changes, discrepancies between licensed and actual imported models led to the rejection of the appeal. The tribunal emphasized the importance of accurate documentation and compliance with import license specifications, resulting in the dismissal of the appellants' challenge. en-us Fri, 09 Jan 1998 00:00:00 +0530 Mon, 10 Oct 2011 13:20:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90624 The tribunal upheld the Collector of Customs, Bombay's decision to confiscate three Injection Moulding Machines valued at Rs. 20,76,363 under Section 111(d) of the Customs Act, 1962, and impose a redemption fine and penalty of Rs. 1 lakh under Sections 111(d) and 112, respectively. Despite the appellants' argument of a supplier-induced model substitution due to production changes, discrepancies between licensed and actual imported models led to the rejection of the appeal. The tribunal emphasized the importance of accurate documentation and compliance with import license specifications, resulting in the dismissal of the appellants' challenge. Case-Laws Customs Fri, 09 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90624