https://www.taxtmi.com/caselaws?id=78334 Penalty under Section 4-I of the Imports and Exports (Control) Act, 1947 was found unsustainable where project delay, changes at the foreign collaborator's end, and repeated permissions and waivers for debonding and domestic sale were not properly considered. The record did not show any intentional or direct breach attributable to the petitioner, and liability for penalty required a clear violation of licence conditions. On that basis, invocation of the penal provision was treated as arbitrary and illegal, and the penalty was set aside. en-us Tue, 13 Oct 2009 00:00:00 +0530 Sat, 13 Nov 2010 13:52:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78334 Penalty under Section 4-I of the Imports and Exports (Control) Act, 1947 was found unsustainable where project delay, changes at the foreign collaborator's end, and repeated permissions and waivers for debonding and domestic sale were not properly considered. The record did not show any intentional or direct breach attributable to the petitioner, and liability for penalty required a clear violation of licence conditions. On that basis, invocation of the penal provision was treated as arbitrary and illegal, and the penalty was set aside. Case-Laws Customs Tue, 13 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78334