https://www.taxtmi.com/caselaws?id=110610 The Tribunal upheld the confiscation of the imported machinery due to discrepancies in the year of manufacture and lack of a valid license. The redemption fine was reduced to Rs. 20 lakhs considering the appellants' industrial use and not for commercial purposes. Penalties on the company and Technical Advisor were also reduced, while the penalty on the General Manager was set aside due to no established fraudulent intent. The decision balanced the circumstances and roles of the parties involved in the importation of restricted industrial goods. en-us Mon, 29 Dec 2003 00:00:00 +0530 Tue, 17 Apr 2012 17:16:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110610 The Tribunal upheld the confiscation of the imported machinery due to discrepancies in the year of manufacture and lack of a valid license. The redemption fine was reduced to Rs. 20 lakhs considering the appellants' industrial use and not for commercial purposes. Penalties on the company and Technical Advisor were also reduced, while the penalty on the General Manager was set aside due to no established fraudulent intent. The decision balanced the circumstances and roles of the parties involved in the importation of restricted industrial goods. Case-Laws Customs Mon, 29 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110610