https://www.taxtmi.com/caselaws?id=98717 The Tribunal upheld the confiscation of goods and imposition of penalties against M/s. Asian Wire Ropes Ltd. for misdeclaring imported goods and violating the DEEC Scheme conditions. The validity of the second show-cause notice was confirmed, and the defense of bona fide purchase by buyers was rejected. The appeals were dismissed, emphasizing the deliberate violations of the DEEC Scheme and Customs Act, leading to the imposition of severe penalties on the appellants and their officials. en-us Wed, 29 Oct 1997 00:00:00 +0530 Sat, 21 Jan 2012 17:08:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98717 The Tribunal upheld the confiscation of goods and imposition of penalties against M/s. Asian Wire Ropes Ltd. for misdeclaring imported goods and violating the DEEC Scheme conditions. The validity of the second show-cause notice was confirmed, and the defense of bona fide purchase by buyers was rejected. The appeals were dismissed, emphasizing the deliberate violations of the DEEC Scheme and Customs Act, leading to the imposition of severe penalties on the appellants and their officials. Case-Laws Customs Wed, 29 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98717