https://www.taxtmi.com/caselaws?id=97760 The case involved a company operating in an Export Processing Zone facing issues regarding the liability of imported and indigenously procured goods for confiscation, Customs duty, and penalty. The Tribunal upheld the confiscation of goods subject to duty on depreciated value, set aside the confiscation of excisable goods, and remanded the matter to determine duty liability and redemption fine. The Adjudicating Authority was directed to consider potential penalty imposition on the company and its directors, emphasizing a thorough review of the raised issues. en-us Wed, 07 Mar 2001 00:00:00 +0530 Tue, 17 Jan 2012 18:56:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97760 The case involved a company operating in an Export Processing Zone facing issues regarding the liability of imported and indigenously procured goods for confiscation, Customs duty, and penalty. The Tribunal upheld the confiscation of goods subject to duty on depreciated value, set aside the confiscation of excisable goods, and remanded the matter to determine duty liability and redemption fine. The Adjudicating Authority was directed to consider potential penalty imposition on the company and its directors, emphasizing a thorough review of the raised issues. Case-Laws Customs Wed, 07 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97760