https://www.taxtmi.com/caselaws?id=34082 The Tribunal overturned the confiscation of a second hand Teijin Seiki draw twister machine imported by the appellant, ruling that the machine was less than 10 years old based on evidence including a Chartered Engineer certificate and communication with the foreign manufacturer. The duty confirmation and penalties imposed on M/s. Nova Petrochemicals and its Director were set aside. The case was remanded for reassessment of the appellant's liability solely based on the machine's age. en-us Fri, 06 Feb 2009 00:00:00 +0530 Sat, 11 Jul 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34082 The Tribunal overturned the confiscation of a second hand Teijin Seiki draw twister machine imported by the appellant, ruling that the machine was less than 10 years old based on evidence including a Chartered Engineer certificate and communication with the foreign manufacturer. The duty confirmation and penalties imposed on M/s. Nova Petrochemicals and its Director were set aside. The case was remanded for reassessment of the appellant's liability solely based on the machine's age. Case-Laws Customs Fri, 06 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34082