2003 (7) TMI 426 - AT - Customs

Summary

The appeal was filed against the confiscation of Rs. 69.03 lakhs under Section 121 of the Customs Act, 1962. The goods were imported by M/s. Associated Industries using bogus advance licenses. The appellants claimed they were unaware of the smuggling nature of the goods, but the Tribunal upheld the confiscation, stating the amount was from the sale of smuggled goods. The appeal was dismissed.