2009 (12) TMI 837

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..... s herein filed a Bill of Entry dated 28-5-09 through the CHA for clearance of goods declared as 100 pieces of Used Pipes @ US$ 200 per piece. Since no licence was produced for the import of the item which was spares other than reconditioned/refurbished, the goods were confiscated with an option to redeem the same on payment of a fine of Rs. 2,40,000/- and a penalty of equal amount imposed on the a .....

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..... , including refurbished/reconditioned spares shall be allowed freely , we therefore, uphold the confiscation. However, since the imported goods have been used by the assessees for drilling, the fine and penalty amounts warrant reduction. We, therefore, reduce the fine in lieu of confiscation to Rs. 1,20,000/- and penalty to Rs. 25,000/-, while upholding the enhanced value of the impugned goods. .....

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