https://www.taxtmi.com/caselaws?id=105953 Imported brass goods declared as scrap were found not to conform to the applicable NARI customs specifications and were treated as serviceable material rather than scrap for import purposes. The customs classification therefore did not accept the goods as brass scrap within the relevant licence description. On the monetary consequences, the appellant's bona fides, the demurrage burden, and the closer valuation to serviceable material justified relief: the penalty was set aside and the redemption fine was reduced. The confiscatory finding otherwise remained undisturbed. en-us Thu, 26 Aug 1999 00:00:00 +0530 Mon, 12 Mar 2012 11:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105953 Imported brass goods declared as scrap were found not to conform to the applicable NARI customs specifications and were treated as serviceable material rather than scrap for import purposes. The customs classification therefore did not accept the goods as brass scrap within the relevant licence description. On the monetary consequences, the appellant's bona fides, the demurrage burden, and the closer valuation to serviceable material justified relief: the penalty was set aside and the redemption fine was reduced. The confiscatory finding otherwise remained undisturbed. Case-Laws Customs Thu, 26 Aug 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105953