https://www.taxtmi.com/caselaws?id=75500 The court found that the importation of restricted goods using forged licenses rendered the imports invalid, leading to confiscation under Section 111(d) of the Customs Act. It determined that the proprietors were aware of the forgery and intentionally used the forged licenses. The court modified penalties, upholding confiscation and reinstating penalties imposed by the Commissioner of Customs. Additionally, penalties on specific firms were restored, and a redemption fine was set at 20% of the seized diamonds' value. The court allowed the appeals, maintaining the Customs Authority's ability to verify licenses for seized consignments. en-us Fri, 31 Jul 2009 00:00:00 +0530 Tue, 20 Apr 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75500 The court found that the importation of restricted goods using forged licenses rendered the imports invalid, leading to confiscation under Section 111(d) of the Customs Act. It determined that the proprietors were aware of the forgery and intentionally used the forged licenses. The court modified penalties, upholding confiscation and reinstating penalties imposed by the Commissioner of Customs. Additionally, penalties on specific firms were restored, and a redemption fine was set at 20% of the seized diamonds' value. The court allowed the appeals, maintaining the Customs Authority's ability to verify licenses for seized consignments. Case-Laws Customs Fri, 31 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75500