2007 (7) TMI 263

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....din, JDR, for the Respondent. [Order per : P.G. Chacko, Member (J)]. - The appellants had imported second-hand machinery under EPCG licence No. 2134160 dated 27-4-95 issued by the Director-General of Foreign Trade ('DGFT' for short). These machines were cleared at concessional rate of duty under Notification No. 160/92-Cus. dated 20-4-92 vide Bill of Entry No. 235 dated 20-4-1995. Under the EPC....

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....ancial difficulties and that their application for rehabilitation was pending be fore BIFR. Ld. Commissioner of Customs, in adjudication of the show-cause notice, confirmed the demand of duty against the importer, ordered confiscation of the machinery with option for redemption against payment of fine and imposed a penalty on the party. The present appeal is against the Commissioner's order. 2.....