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2010 (12) TMI 326 - AT - CustomsConfiscation - REP licence - TV Broadcast 85 Studio Equipment - Hon’ble High Court of Bombay has considered the import of the items in question in ASHOK KUMAR JAIN Versus UNION OF INDIA [2010 -TMI - 78225 - BOMBAY HIGH COURT] - Held that:- the items imported are the capital goods as covered under REP licence which was permitted to import under para 177(2) of AM 1988-91 - goods are not liable for confiscation, hence redemption fine and penalties imposed on the appellants in the impugned order are not warranted.
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