2014 (6) TMI 19 - AT - Customs

Confiscation of goods - Redemption fine - Held that - adjudicating authority specifically after taking into consideration the request made by the respondent to STPI for import of goods and approval given by the STPI, held that as the goods were imported after necessary approval from STPI, the appellant was under the bona fide belief that the goods are covered under the Notification No. 52/2003-Cus. In view of this finding, we find no ground to interfere with the order passed by the adjudicating authority regarding confiscation of the goods, redemption fine and penalty - Decided against Revenue.

Summary

The Appellate Tribunal CESTAT Bangalore upheld the Commissioner's order stating that goods imported by a 100% EOU with STPI approval were not liable for confiscation or penalty under Notification No. 52/2003-Cus. The appeal by the Revenue was rejected.