https://www.taxtmi.com/caselaws?id=73532 Import licences obtained on a false statement about past consumption, followed by imports beyond the truthful entitlement, justified separate penal action. The petitioners later conceded that the licence applications were based on local purchases rather than imported materials, and the competent authority had already cancelled the licences. The appellate authority considered the extent of imports, the value of goods left unutilised, and the approximate value of unaccounted imports, and treated the matter as one for discretionary assessment of penalty. No legal or jurisdictional infirmity in that exercise was shown in writ jurisdiction, so interference was not warranted. en-us Fri, 30 Oct 1987 00:00:00 +0530 Sat, 28 Jan 2012 10:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=73532 Import licences obtained on a false statement about past consumption, followed by imports beyond the truthful entitlement, justified separate penal action. The petitioners later conceded that the licence applications were based on local purchases rather than imported materials, and the competent authority had already cancelled the licences. The appellate authority considered the extent of imports, the value of goods left unutilised, and the approximate value of unaccounted imports, and treated the matter as one for discretionary assessment of penalty. No legal or jurisdictional infirmity in that exercise was shown in writ jurisdiction, so interference was not warranted. Case-Laws Customs Fri, 30 Oct 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73532