TMI Blog2003 (7) TMI 454X X X X Extracts X X X X X X X X Extracts X X X X ..... ppeal arises out of the order of the Commissioner of Customs who has held that C.D. Mechanisms with PCB, Main PCB with Transformer, Control PCB with Volume PCH, Power P.C.B. and Remote mounted P.C.B. are liable to be confiscated under Sec. 111(d) of the Customs Act and has also imposed penalty of Rs. One lakh on the appellants under Sec. 112 of the Customs Act. 2. The ld. Counsel Shri Naresh Tha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ellant. 3. The prayer for setting aside the penalty is opposed by the ld. SDR Shri A. Shukla who reiterates the findings of the Adjudicating Authority by drawing attention to the fact that the goods under confiscation required a valid import licence which was not produced by the appellant. 4. I have carefully considered the rival submissions. In the light of the view that I am taking on the qu ..... X X X X Extracts X X X X X X X X Extracts X X X X
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