https://www.taxtmi.com/caselaws?id=349214 The tribunal set aside the redemption fine and penalty imposed under Sections 125 and 112(a) of the Customs Act, 1962, for the import of old/used digital multifunctional machines without a valid license. The tribunal found that the goods were not restricted items during the relevant period, leading to the unsustainable imposition of fines and penalties. However, the enhancement of the goods' value was upheld. As a result, the appeal was partly allowed, modifying the impugned order accordingly. en-us Mon, 14 Aug 2017 00:00:00 +0530 Mon, 09 Oct 2017 11:26:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349214 The tribunal set aside the redemption fine and penalty imposed under Sections 125 and 112(a) of the Customs Act, 1962, for the import of old/used digital multifunctional machines without a valid license. The tribunal found that the goods were not restricted items during the relevant period, leading to the unsustainable imposition of fines and penalties. However, the enhancement of the goods' value was upheld. As a result, the appeal was partly allowed, modifying the impugned order accordingly. Case-Laws Customs Mon, 14 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349214