2006 (4) TMI 321

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..... t. [Order per : P.G. Chacko, Member (J)]. The Commissioner of Customs has enhanced the value of 96 old/used photocopiers imported by the appellants to Rs. 21,96,035/- under Rule 8 of the Customs (Valuation) Rules, 1988. Having found that the goods were imported without specific licence, he ordered confiscation thereof under Section 111(d) of the Customs Act, 1962, with option to redeem t .....

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..... artment s custody and, therefore, no further safeguard would be required at this stage for the Revenue. The valuation dispute and the question as to quanta of fine and penalty will be examined in due course of time. For the present, we are inclined to grant waiver of pre-deposit and stay of recovery in respect of the duty and penalty amounts. It is ordered accordingly, At this stage, it is submitt .....

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