2007 (2) TMI 66

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....'95 to import machinery for the purpose of expanding its paper manufacturing unit. Subsequently, in April, 1996, some machinery were imported at the Container Freight Station, Ludhiana and four Bills of Entry were filed for the duty free clearance of the imported machinery. However, no clearance took place as the appellant could not arrange to produce the required bank guarantee. So the goods cont....

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....g order of adjudication: ORDER "1. I hold that the goods are chargeable to duty amounting to Rs. 3,60,95,582/- from M/s. Oswal Papers & Allied Industries, Ludhiana along with interest @ 24% per annum under Section 28AB of the Customs Act, 1962. 2, I hold that the goods are not liable for confiscation under Section 111(o) of the Customs Act, 1962. 3. I refrain from imposing penalty on M/s. Oswa....

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....cleared for home consumption or warehoused or transshipped within thirty days from the date of the unloading thereof at a customs station or within such further time as the proper officer may allow or if the title to any imported goods is relinquished, such goods may, after notice to the importer and with the permission of the proper officer be sold by the person having the custody thereof: Provi....