2014 (7) TMI 60

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....mported goods with an option to pay redemption fine and imposition of penalty. 2. Brief facts of the case are that the appellant imported old and used Buoyancy Tanks along with wire ropes, shackles chain blocks and hydraulic pumps for the purpose of laying off-shore pipeline at various projects sites. As these goods are being old and used and have been imported by the appellant without proper lic....

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....n these circumstances, the goods are not liable for confiscation and consequently not required to pay redemption fine and penalty. Therefore, it is prayed that the impugned order is to be set aside with consequential relief. 5. On the other hand, the learned A.R. supported the impugned order and submits that the goods imported by the appellant were not capital goods and the goods can be imported ....