2005 (12) TMI 308

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..... nt. [Order per : Jyoti Balasundaram, Vice-President]. The validity of import of H.P. Grade/Super Precision Bearings arises for determination in the present appeal. The Commissioner of Customs has held that import of these types of bearings were not permitted under OGL at the relevant point of time and therefore upheld the confiscation with an option to redeem the same on payment of fine. .....

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..... e current Import Policy, import of SN UP (Ultra Precision) bearings are also covered under OGL for Machine Tool Industry, in terms of the Import Policy 1985-88, subject to the conditions laid down in the said Policy. In view of the clear language of the DGTD clarification given, we hold that the import was permissible under OGL, set aside the confiscation and allow the appeal. (Pronounced in Cou .....

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