1998 (11) TMI 299

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..... Vide impugned order, the Commissioner, Customs, Calcutta has confiscated the `Secondary Seamless Pipes (Mixed Sizes) imported by the appellants on the ground that the import of the same required a licence in terms of para 5.3 of Chapter 5 of Import-Export Policy 1997-2002. However, an option has been given to the appellants to redeem the goods on payment of redemption fine of Rs. 2.50 lakh in l .....

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..... posed by the adjudicating authority. As regards the quantum of redemption fine, he submits that they had already incurred demurrage and the container rent charges to the tune of Rs. 1.50 lakh. As such, the redemption fine should be reduced taking all these facts into consideration. 3. Opposing the contention, Shri T.P. Kumar, ld. SDR submits that the term `secondary refers to not old and used g .....

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..... ts importation and they have imported the goods without a valid licence and have rendered the same liable for confiscation. However, there is a prayer for reduction in redemption fine and penalty. From the order, I find that there is no discussion as regards the normal margin of profit in such type of goods. However, the Commissioner has referred to the demurrage incurred by the appellants. Taking .....

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