https://www.taxtmi.com/caselaws?id=113940 The Tribunal reduced the penalty imposed on a 100% Export Oriented Unit for importing film scrap and film rolls from Rs. 2.00 lakhs to Rs. 50,000 under Section 112 of the Customs Act, 1962. The decision considered the interpretation of the Exim Policy Circular and the controls on the imported goods, leading to the reduction based on the circumstances of the case. en-us Thu, 24 Jun 2004 00:00:00 +0530 Wed, 09 May 2012 13:28:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113940 The Tribunal reduced the penalty imposed on a 100% Export Oriented Unit for importing film scrap and film rolls from Rs. 2.00 lakhs to Rs. 50,000 under Section 112 of the Customs Act, 1962. The decision considered the interpretation of the Exim Policy Circular and the controls on the imported goods, leading to the reduction based on the circumstances of the case. Case-Laws Customs Thu, 24 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113940