Used Digital Multifunction Machine can be Released on Payment of Redemption Fine of 10% and Penalty of 5% of Enhanced Value of Imported goods in Absence of Market Value: CESTAT [Read Order]

By Shabna Rahim - On August 12, 2023 4:30 pm - 2 mins read
Used- Digital - Machine - Released - Payment - Redemption - Penalty - Value - Imported- goods -CESTAT-TAXSCAN

The Bangalore bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that used Digital Multifunction Printing and Copying Machines were released on payment of a redemption fine of 10% and a penalty of 5% of the enhanced value of the imported goods in absence of market value.  J J Graphics, the appellant…

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