https://www.taxtmi.com/caselaws?id=128003 The Tribunal held that Central Tucking Units qualify as spare parts of shuttleless looms, making them eligible for a concessional rate of duty. The correct valuation of the second-hand units was determined to be 400 EURO per piece. Consequently, the duty assessment was adjusted, and the redemption fine and penalties were reduced for the appellant company and an individual involved. The Commissioner was instructed to recalculate the duty demand in accordance with these findings, resulting in a modification of the initial order. en-us Tue, 04 Aug 2009 00:00:00 +0530 Mon, 25 Mar 2013 16:42:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128003 The Tribunal held that Central Tucking Units qualify as spare parts of shuttleless looms, making them eligible for a concessional rate of duty. The correct valuation of the second-hand units was determined to be 400 EURO per piece. Consequently, the duty assessment was adjusted, and the redemption fine and penalties were reduced for the appellant company and an individual involved. The Commissioner was instructed to recalculate the duty demand in accordance with these findings, resulting in a modification of the initial order. Case-Laws Customs Tue, 04 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128003