Madras HC Upholds Customs Confiscation as Grey Fabric Found to Be Corduroy

Vikram Traders Vs Customs Excise and Service Tax Appellate Tribunal (Madras High Court) The Madras High Court decided a batch of four civil miscellaneous appeals arising from an order of the Customs, Excise and Service Tax Appellate Tribunal concerning alleged misdeclaration of imported goods and imposition of penalties under the Customs Act, 1962. The principal issue related to a consignment imported under a Bill of Entry dated 26.10.2006, declared as cotton griege (grey) fabric and cleared by claiming duty exemption under a DFRC licence. Upon examination by the Directorate of Revenue Intelli...