https://www.taxtmi.com/caselaws?id=120069 The Tribunal overturned the confiscation and penalty imposed on the appellant under Section 111(m) of the Customs Act, 1962, for importing goods classified differently by Customs. The appellant, a 100% Export Oriented Unit, relied on a valid procurement certificate for duty exemption and acted in good faith based on available information. The acknowledgment by Revenue of the amended certificate's validity supported the decision, emphasizing the importance of accurate classification and compliance with customs procedures. The judgment favored the appellant, highlighting fair treatment and adherence to legal requirements in import transactions. en-us Tue, 08 Aug 2006 00:00:00 +0530 Mon, 16 Jul 2012 15:43:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120069 The Tribunal overturned the confiscation and penalty imposed on the appellant under Section 111(m) of the Customs Act, 1962, for importing goods classified differently by Customs. The appellant, a 100% Export Oriented Unit, relied on a valid procurement certificate for duty exemption and acted in good faith based on available information. The acknowledgment by Revenue of the amended certificate's validity supported the decision, emphasizing the importance of accurate classification and compliance with customs procedures. The judgment favored the appellant, highlighting fair treatment and adherence to legal requirements in import transactions. Case-Laws Customs Tue, 08 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120069