2017 (3) TMI 490

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..... hat: - The goods were held to be offending for not being in possession of valid licence for import. The imported goods were not ‘marble’ but ‘other calcareous stones’ which the Geological Survey of India reported to be a variety of limestone without metamorphic recrystalisation and such goods being restricted could be imported only against licence - appeal rejected - decided against appellant. - .....

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..... ion, the Tribunal, vide its order no. A/721/WZB/2005/C-II dated 4 th August 2005 against imposition of redemption fine of ₹ 9 lakhs and penalty of ₹ 1 lakh, had directed the original authority to follow the principles laid down in Sophisticated Marble Granite Industries v. Commissioner of Customs, Mumbai [2004 (165) ELT 353] which had been sustained by Hon ble High Court of Bomb .....

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..... or not being in possession of valid licence for import. The imported goods were not marble but other calcareous stones which the Geological Survey of India reported to be a variety of limestone without metamorphic recrystalisation and such goods being restricted could be imported only against licence. The remand order of the Tribunal has taken note of the argument that profit margin, as calcul .....

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