2000 (1) TMI 366 - AT - Customs

Summary

The Appellate Tribunal CEGAT, Mumbai heard a case where imported second-hand machinery was found to be restricted after the import. The adjudicating authority imposed a fine of Rs. 30 lakhs and a penalty of Rs. 5 lakhs for changing the bill of lading date. The Tribunal reduced the fine to Rs. 20 lakhs and the penalty to Rs. 2 lakhs, maintaining the decision but with modifications.