https://www.taxtmi.com/caselaws?id=237078 The tribunal upheld the duty demand, interest, and penalties imposed on the appellants for violating conditions of duty exemption under Notification No.21/2002. The confiscation of the equipment under Section 111(o) of the Customs Act was also upheld. However, the redemption fine was reduced from Rs.90 lakhs to Rs.30 lakhs due to the equipment's use for road construction. Penalties imposed on the appellants and involved individuals were upheld as reasonable. en-us Fri, 01 Feb 2013 00:00:00 +0530 Tue, 17 Sep 2013 10:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237078 The tribunal upheld the duty demand, interest, and penalties imposed on the appellants for violating conditions of duty exemption under Notification No.21/2002. The confiscation of the equipment under Section 111(o) of the Customs Act was also upheld. However, the redemption fine was reduced from Rs.90 lakhs to Rs.30 lakhs due to the equipment's use for road construction. Penalties imposed on the appellants and involved individuals were upheld as reasonable. Case-Laws Customs Fri, 01 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237078