2003 (10) TMI 91

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ed 28-8-99. The medical equipments were old and valued at Rs. 5,92,500/-. The import in question was held to be unauthorised because the importer was required to produce appropriate import licence and required a valid Importer-Exporter Certificate. The original authority viz. the Joint Commissioner ordered confiscation of the equipment and imposed redemption fine of Rs.1,50,000/- and also imposed .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ereunder was permissible only on surrendering Special Import Licence (SIL) equivalent to 5 times the CIF value of the imported capital goods. Therefore, in view of the said EXIM Policy provision, the importers were required to produce an appropriate import licence to cover the said importation. Having not done so, the appellants are liable to fine and penalty as held in the impugned orders. 3. T .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X