1997 (7) TMI 321 - AT - Customs

Summary

The appeals were against a penalty imposed on Kirit D. Bhutta and Naresh P. Shah for importing goods for sale instead of industrial use. The penalty was reduced from Rs. 3 lakhs to Rs. 1 lakh for Kirit D. Bhutta and from Rs. 2 lakhs to Rs. 50,000 for Naresh P. Shah due to the specialized nature of the goods and lack of direct benefit to the appellants.