https://www.taxtmi.com/caselaws?id=101306 Import of a second-hand capital good was treated as contrary to the EXIM Policy because the record did not support the declared manufacture year: the machine itself showed no year, while two integral components bore 1988 and 1989, undermining the chartered engineer's 1993 certificate. On that factual basis, the machine was held to be more than ten years old and therefore not freely importable, so confiscation and penalty were sustained. However, as the importers were actual users, the redemption fine was found excessive and reduced to Rs. 5 lakhs. en-us Mon, 14 Jan 2002 00:00:00 +0530 Thu, 09 Feb 2012 13:08:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101306 Import of a second-hand capital good was treated as contrary to the EXIM Policy because the record did not support the declared manufacture year: the machine itself showed no year, while two integral components bore 1988 and 1989, undermining the chartered engineer's 1993 certificate. On that factual basis, the machine was held to be more than ten years old and therefore not freely importable, so confiscation and penalty were sustained. However, as the importers were actual users, the redemption fine was found excessive and reduced to Rs. 5 lakhs. Case-Laws Customs Mon, 14 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101306