2006 (2) TMI 551 - AT - Customs

Summary

The Appellate Tribunal CESTAT, Mumbai upheld a fine of Rs. 5 Lakhs and penalty of Rs. 2.50 Lakhs against the appellants for importing goods against suspended licenses. The fine was reduced to Rs. 2 Lakhs and penalty to Rs. 1 Lakh, with an adjustment of Rs. 2 Lakhs paid earlier.