2000 (12) TMI 326

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....umaran and C.S. Lodha, Advocates, for the Appellants. Shri A.D.N. Rao, Advocate, for the Respondent. [Order per : Justice K. Sreedharan, President]. -  Issues raised in all these 5 appeals are identical and so we consider it advantageous to dispose of them by a common order. Appellants in C/402 to 404/98-D are M/s. Pearl Engineering Polymers and their two directors. M/s. Pearl Engine....

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....challenge. 2.  Facts in M/s. Gujarat Perstorp Electronics Ltd. (Appeal No. C/417/97-D) are similar to the one stated above. There also the liability to duty on books imported and benefit of exemption notification are the issue. 3. Appeal C/466/97-D is at the instance of the Revenue. The grievance of the Revenue in this appeal is that penalty of Rs. 50 Lacs imposed on the appellant ....

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.... Collector of Customs, New Delhi, 1996 (84) E.L.T. 271, is correct. After an exhaustive survey of the entire law, Larger Bench took the view that the law stated by this Tribunal in Tractors and Farm Equipment Ltd., 1993 (68) E.L.T. 234 is not sustainable. Accordingly, the Larger Bench took the view that printed materials imported are books coming under Tariff Heading 49.01 and are entitled to comp....