2001 (10) TMI 609 - AT - Customs

Summary

The appellant imported a consignment with a hydraulic ironing machine, claiming exemption under Notification 160/92. Customs department refused to accept the license as valid due to shipping date. Goods were provisionally cleared, but later license endorsement was rejected. Commissioner denied exemption, demanded duty, and held goods liable for confiscation. Penalty imposed was set aside. Tribunal confirmed Commissioner's finding but overturned penalty. Appeal allowed in part.