https://www.taxtmi.com/caselaws?id=119375 The Tribunal set aside the decision to confiscate goods and impose a penalty under Sections 111(d), (l), and (m) of the Customs Act, 1962. It found that the goods, 'load cells,' were not liable for confiscation as they were importable under the import policy without any prohibition at the time. Therefore, the penalty imposed under Section 112 was deemed unjustified. The Tribunal referenced relevant precedents and ruled in favor of the appellant, concluding that the goods should not have been confiscated, leading to the cancellation of the penalty. en-us Tue, 03 Jan 2006 00:00:00 +0530 Tue, 10 Jul 2012 17:09:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119375 The Tribunal set aside the decision to confiscate goods and impose a penalty under Sections 111(d), (l), and (m) of the Customs Act, 1962. It found that the goods, 'load cells,' were not liable for confiscation as they were importable under the import policy without any prohibition at the time. Therefore, the penalty imposed under Section 112 was deemed unjustified. The Tribunal referenced relevant precedents and ruled in favor of the appellant, concluding that the goods should not have been confiscated, leading to the cancellation of the penalty. Case-Laws Customs Tue, 03 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119375