2011 (5) TMI 918 - SCH - Customs

Confiscation - Notification 44/2002 dated 19-4-2002- Capital Goods imported under EPCG Scheme at concessional rate and later on sale it or not used for said function - Concessional rate of duty at 5% on capital goods imported under valid license issued under Export Promotion Capital Goods (EPCG) Scheme - customs department later found that the respondent notified cars for sale in complete violation of the conditions on which respondent was allowed to import cars at concessional rate of 5% as against 160% payable.