2003 (3) TMI 440 - AT - Customs

Summary

The Appellate Tribunal CEGAT, Mumbai confirmed duty demand of Rs. 4.18 lakhs and imposed penalty of Rs. 2 lakhs on the appellant for not re-exporting a reimported machine within the specified time. The appellant's claim of waiting for a buyer was not accepted due to lack of evidence. Penalty reduced to Rs. 1 lakh. Appeal allowed.