2003 (7) TMI 426

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....er per : S.S. Kang, Member (J)]. - Appellants filed this appeal against the adjudication order whereby the amount of Rs. 69.03 lakhs was confiscated under Section 121 of the Customs Act, 1962. 2. Brief facts of the case are that the appellants purchased the goods imported by M/s. Associated Industries for Rs. 5,35,23,958/- and paid only  Rs. 4,66,20,969/-, the balance of Rs. 69,02,969....

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....rores to the seller of the goods. The appellants were not aware of the fact that the goods were imported in contravention to the provisions of Customs Act or the goods were smuggled in nature. Therefore, the amount deposited by the appellant cannot be confiscated. 5. Learned SDR appearing on behalf of the Revenue submitted that the goods were imported against non-existence advance licence an....