https://www.taxtmi.com/caselaws?id=212259 The appeal was allowed in favor of the importer regarding the challenge against redemption fine and penalty imposed for importing computer peripherals without a license. The Supreme Court ruled that import of second-hand capital goods did not require a valid license as per DGFT Circulars, benefiting the appellant. The Appellate Commissioner's decision on the valuation issue was upheld as the appellant had initially accepted the value enhancement during assessment. The impugned order was set aside, and the appeal was disposed of accordingly. en-us Tue, 10 May 2011 00:00:00 +0530 Tue, 10 Apr 2012 18:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212259 The appeal was allowed in favor of the importer regarding the challenge against redemption fine and penalty imposed for importing computer peripherals without a license. The Supreme Court ruled that import of second-hand capital goods did not require a valid license as per DGFT Circulars, benefiting the appellant. The Appellate Commissioner's decision on the valuation issue was upheld as the appellant had initially accepted the value enhancement during assessment. The impugned order was set aside, and the appeal was disposed of accordingly. Case-Laws Customs Tue, 10 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212259