https://www.taxtmi.com/caselaws?id=269556 Imported capital goods for use in a 100% EOU were cleared under Notification No. 52/2003-Cus., and when the exemption was later denied the duty and interest were paid. The Tribunal found no material showing mala fides or contravention warranting confiscation, redemption fine, or penalty, especially because customs had permitted clearance at the time of import. It also followed an earlier identical ruling rejecting the Revenue's challenge. Confiscation, redemption fine, and penalty were therefore held unjustified, and the Revenue's appeals failed. en-us Thu, 10 Sep 2015 00:00:00 +0530 Tue, 07 Feb 2017 14:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269556 Imported capital goods for use in a 100% EOU were cleared under Notification No. 52/2003-Cus., and when the exemption was later denied the duty and interest were paid. The Tribunal found no material showing mala fides or contravention warranting confiscation, redemption fine, or penalty, especially because customs had permitted clearance at the time of import. It also followed an earlier identical ruling rejecting the Revenue's challenge. Confiscation, redemption fine, and penalty were therefore held unjustified, and the Revenue's appeals failed. Case-Laws Customs Thu, 10 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269556