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2012 (10) TMI 42 - HC - CustomsConfiscation of goods and imposition of fine - violation of Section 111(o) of the Customs Act, 1962 – Held that:- Assessee imported the capital goods but not to the extent of Rs. 1 Crore, he cannot have the benefit of waiver of duty - assessee paid the duty and for delayed payment, he paid interest and thus, he did not avail the benefit of that notification - assessee conducting himself contrary to the notification thus exposing himself to the order of confiscation, do not arise - when once the assessee pay the duty and interest, goods will be out of the ambit of the said notification and they cannot be held liable for confiscation under Section 111(o) of the Act - in favour of the assessee
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