2003 (7) TMI 538 - AT - Customs

Summary

The Appellate Tribunal CESTAT, New Delhi waived the pre-deposit of penalty amount as duty was already deposited and goods were still with Customs. The appeal challenged the penalty and confiscation of Bulk Drug Amikacin Sulphate. The goods were of USP-24 standard, not IP standard as examined, so the order of confiscation was set aside, and appellants allowed to re-export the goods. The impugned order was completely set aside, and the appeal was allowed with consequential relief.