https://www.taxtmi.com/caselaws?id=53263 The Tribunal set aside the Commissioner of Customs' order confiscating goods and imposing a penalty on the appellants for overvaluation. It was held that the goods were eligible for export under the DEPB Scheme and could not be confiscated under Section 113 of the Customs Act as they were not prohibited goods. Previous case law supported the appellants' argument that penal provisions of Section 113 do not apply to goods not prohibited for export, leading to the appeal being allowed. en-us Tue, 15 Jun 2004 00:00:00 +0530 Mon, 11 Oct 2010 18:07:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53263 The Tribunal set aside the Commissioner of Customs' order confiscating goods and imposing a penalty on the appellants for overvaluation. It was held that the goods were eligible for export under the DEPB Scheme and could not be confiscated under Section 113 of the Customs Act as they were not prohibited goods. Previous case law supported the appellants' argument that penal provisions of Section 113 do not apply to goods not prohibited for export, leading to the appeal being allowed. Case-Laws Customs Tue, 15 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53263