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The Appellate Tribunal CEGAT, Kolkata ruled that imported toys classified under customs Heading 9503.70 required a specific license, which the appellants failed to produce. The goods were seized and a redemption fine of Rs. 2,50,000 and a penalty of Rs. 50,000 were imposed. The tribunal reduced the redemption fine to Rs. 1,00,000 and the penalty to Rs. 25,000 due to the value of the goods being around Rs. 2.81 lakhs. The appeal was rejected except for the modification in the penalty and redemption fine.
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