https://www.taxtmi.com/caselaws?id=54837 The Tribunal upheld the confiscation of imported goods under the Customs Act due to diversion and substitution of components, under-valuation, and smuggling. The redemption fine was reduced, and duty demand restricted. Penalties on the company and individuals were reduced or set aside. The issue of non-repatriation of foreign exchange was set aside, and the case was disposed of on 14-7-2005, with further action on value addition remanded. en-us Thu, 14 Jul 2005 00:00:00 +0530 Fri, 22 Oct 2010 12:41:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54837 The Tribunal upheld the confiscation of imported goods under the Customs Act due to diversion and substitution of components, under-valuation, and smuggling. The redemption fine was reduced, and duty demand restricted. Penalties on the company and individuals were reduced or set aside. The issue of non-repatriation of foreign exchange was set aside, and the case was disposed of on 14-7-2005, with further action on value addition remanded. Case-Laws Customs Thu, 14 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54837