2001 (4) TMI 618 - AT - Customs

Summary

The judgment by Appellate Tribunal CEGAT, Mumbai involved the import of measuring tapes. Customs classified them as "consumer goods," but importers argued they were tools for industrial use. The tribunal upheld the classification as consumer goods. A dispute over the redemption fine percentage was resolved, reducing it from Rs. 3.25 lakhs to Rs. 1,00,000 based on a margin of profit of about 22%. The appeal was dismissed with this modification.