https://www.taxtmi.com/caselaws?id=394371 The Tribunal allowed the appeal, setting aside the confiscation of goods and penalty imposed on a Chennai-based proprietary firm for importing second-hand digital multi-functional machines without a valid license. The Tribunal held that during the relevant period, the import of such machines was not restricted, rendering the confiscation under section 111(d) unjustified. Additionally, the Tribunal found the enhanced value assessment did not amount to misdeclaration, leading to the setting aside of the penalty and fine imposed under section 112(a) of the Customs Act, 1962. en-us Tue, 21 Jan 2020 00:00:00 +0530 Sat, 06 Feb 2021 14:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394371 The Tribunal allowed the appeal, setting aside the confiscation of goods and penalty imposed on a Chennai-based proprietary firm for importing second-hand digital multi-functional machines without a valid license. The Tribunal held that during the relevant period, the import of such machines was not restricted, rendering the confiscation under section 111(d) unjustified. Additionally, the Tribunal found the enhanced value assessment did not amount to misdeclaration, leading to the setting aside of the penalty and fine imposed under section 112(a) of the Customs Act, 1962. Case-Laws Customs Tue, 21 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394371