1987 (7) TMI 254

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....orted goods) and penalty of Rs. 10,000/- in each of the two cases for violation of import trade control restrictions. 2.  On hearing both sides and on perusal of the record, we find that the appellants obtained an SSI Registration Certificate on 13-11-1984 for manufacture of - i) 5,000 nos. tape recorders/two-in-one, ii) 5,000 nos. car stereos, iii) 10,000 nos. T.V. sets, iv) 5,000 nos. T.V. tuners, and v) 1,00,000 nos. tape deck mechanism. During February, 1986, they imported 2 million pieces of ferrite drum core and ferrite cup core. They were to use these goods in the manufacture of RF coils and IF coils which were eventually to be used in the assembly of the aforesaid electronic goods. The lower authorities hel....

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....ods are still under detention. The appellants have placed before us the certificate dated 6-11-1986 issued by the General Manager, District Industries Centre, Raipur to the effect that the appellants imported five more types of components and used them in the production of their end-products. There can, therefore, be no doubt that they were Actual Users and were trying to set up their factory and start production at the time of import of the subject goods. 5.  The second objection of the lower authorities files in the face of the stated objective of the import/export policy of the Government which is to expand production, create more employment in the country and ultimately reduce the out-go of foreign exchange from the country. Thi....