https://www.taxtmi.com/caselaws?id=72588 The Tribunal allowed the appeal, set aside the Collector's order, and ordered the refund of the penalty imposed. It held that the import license was valid at the time of shipment, palm stearin was not classified as palm oil, Public Notice No. 48 of 1980 could not have retrospective effect, and the appellants were authorized to import under the given license. en-us Wed, 01 Oct 1986 00:00:00 +0530 Fri, 20 May 2011 15:56:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72588 The Tribunal allowed the appeal, set aside the Collector's order, and ordered the refund of the penalty imposed. It held that the import license was valid at the time of shipment, palm stearin was not classified as palm oil, Public Notice No. 48 of 1980 could not have retrospective effect, and the appellants were authorized to import under the given license. Case-Laws Customs Wed, 01 Oct 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72588