https://www.taxtmi.com/caselaws?id=441771 The Tribunal upheld the classification of goods as "Light Oil" under CTH 27101290, dismissing the appellant's claim for classification as "Industrial Composite Mixture." The goods were confiscated under Sections 111(d) and 111(m) of the Customs Act, 1962, with a redemption fine of Rs. 13,00,000/- and a penalty of Rs. 2,00,000/- imposed. The appellant's violation of Foreign Trade Policy conditions by not importing through a State Trading Enterprise led to the dismissal of the appeal, affirming the confiscation and penalties imposed. The Commissioner (Appeals) order was upheld in its entirety. en-us Mon, 14 Aug 2023 00:00:00 +0530 Thu, 17 Aug 2023 07:46:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441771 The Tribunal upheld the classification of goods as "Light Oil" under CTH 27101290, dismissing the appellant's claim for classification as "Industrial Composite Mixture." The goods were confiscated under Sections 111(d) and 111(m) of the Customs Act, 1962, with a redemption fine of Rs. 13,00,000/- and a penalty of Rs. 2,00,000/- imposed. The appellant's violation of Foreign Trade Policy conditions by not importing through a State Trading Enterprise led to the dismissal of the appeal, affirming the confiscation and penalties imposed. The Commissioner (Appeals) order was upheld in its entirety. Case-Laws Customs Mon, 14 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441771