https://www.taxtmi.com/caselaws?id=119459 The Appellate Tribunal CESTAT, New Delhi, allowed the appeals in favor of M/s. Jindal Imaging Ltd. regarding the permission to destroy imported machinery without duty payment. The Tribunal upheld the right to relinquish goods under Section 68 of the Customs Act, disagreeing with the refusal to permit abandonment. Penalties imposed on the appellants were set aside, and the confiscation of goods was not contested, leading to the rejection of one appeal due to decisions in other appeals. The Tribunal considered the appellant's decision reasonable in light of industry changes, resulting in significant losses. en-us Thu, 02 Mar 2006 00:00:00 +0530 Wed, 11 Jul 2012 12:18:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119459 The Appellate Tribunal CESTAT, New Delhi, allowed the appeals in favor of M/s. Jindal Imaging Ltd. regarding the permission to destroy imported machinery without duty payment. The Tribunal upheld the right to relinquish goods under Section 68 of the Customs Act, disagreeing with the refusal to permit abandonment. Penalties imposed on the appellants were set aside, and the confiscation of goods was not contested, leading to the rejection of one appeal due to decisions in other appeals. The Tribunal considered the appellant's decision reasonable in light of industry changes, resulting in significant losses. Case-Laws Central Excise Thu, 02 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119459