1997 (2) TMI 277 - AT - Customs

Summary

The Appellate Tribunal CEGAT, CALCUTTA decided a case in the absence of the respondents who failed to appear despite notice. The case involved the import of zanzibar cloves without a license, leading to confiscation and penalty under the Customs Act, 1962. The lower appellate authority set aside the adjudication order and remanded the case for reevaluation, considering expenses incurred by the importer. The Revenue appealed against this direction, arguing that it contradicted the earlier part of the order. The Tribunal rejected the Revenue's plea, stating that calculating the margin of profit should include all valid expenses incurred by the importer before selling the goods.