1993 (1) TMI 176 - AT - Customs

Summary

The appeal was against the confiscation of a Bank Note Counting Machine valued at Rs. 47,549, with a redemption allowed on payment of Rs. 45,000 and a penalty of Rs. 5,000 imposed. The appellant claimed clearance under exim licenses but was found ineligible due to transferred REP licenses. The machine was classified as an office machine and objections by authorities were upheld. However, the penalty was set aside, and the redemption fine reduced to Rs. 20,000.