The Customs Authorities found that to obtain the benefit of the companycessions under the Scheme, the materials required to be imported for the purpose of manufacture of goods or replacement of the materials used in the manufacture of the goods or both were to be raw materials and what the appellant had been importing were indeed finished goods and therefore the benefit of the Scheme was number available.
At the hearing, one of the imported attache cases was produced to demonstrate the companydition in which the alleged raw material was being imported.
The Scheme also extended the benefit of duty exemption in regard to imports of raw material under certain stipulations and the entire imported raw material was to be used for manufacturing of the goods to be exported under the Scheme.
The import was number entitled to exemption from duty and the infraction called for action under Sections 111 and 112 of the Customs Act.
Whereever, it is companysidered necessary, Advance Licensing Committee may relax the companydition regarding 25 value addition.
20,00,000/ as against Rs.
25,000/ as against Rs.
30,000/ as against Rs.
1,00,000/ and Rs.
1,20,000/. Similarly, the redemption fine imposed under Section 111 d is reduced to Rs.
