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2007 (10) TMI 85 - AT - CustomsGoods was not re-imported within the statutory time-limit prescribed as per Foreign Trade Policy – Violation of Sec. 111(o)Custom Act hence goods are liable to confiscation – Fine imposed by Comm(A) is 2 lac on goods valued at Rs. 4 lac is nominal – In case of export fine is reduced further to 50,000
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