https://www.taxtmi.com/caselaws?id=72569 Statutory prohibition under the gold licensing regime prevailed over departmental permission or trade notices: a licensed dealer could not lawfully sell outside the licensed premises, and any contrary permission was void. Penalty was nevertheless set aside because breach of the obligation was treated as technical and bona fide, with no finding of deliberate defiance or dishonest intent. Confiscation of the offending gold ornaments was upheld because the attempted transactions contravened the law, while one redemption fine was reduced and the other left undisturbed. The core principle stated is that executive permission cannot override a statutory bar, but bona fide conduct may justify relief from penalty even where confiscation remains permissible. en-us Wed, 03 Sep 1986 00:00:00 +0530 Wed, 25 Jan 2012 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72569 Statutory prohibition under the gold licensing regime prevailed over departmental permission or trade notices: a licensed dealer could not lawfully sell outside the licensed premises, and any contrary permission was void. Penalty was nevertheless set aside because breach of the obligation was treated as technical and bona fide, with no finding of deliberate defiance or dishonest intent. Confiscation of the offending gold ornaments was upheld because the attempted transactions contravened the law, while one redemption fine was reduced and the other left undisturbed. The core principle stated is that executive permission cannot override a statutory bar, but bona fide conduct may justify relief from penalty even where confiscation remains permissible. Case-Laws Central Excise Wed, 03 Sep 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72569