Customs Duty Demand on Imported Looms Overturned Due to Lack of Fraudulent Intent and Fact Suppression.

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....100% EOU - Demand of differential customs duty on 22 looms / Capital goods that were imported without payment of duty - The appellant has not acted with dishonest or fraudulent intent and suppression of facts is not involved. This being so, question of invoking the extended time limit or imposing penalty does not arise. - AT....