https://www.taxtmi.com/caselaws?id=80335 Synthetic rags imported in a partially cut condition were treated as covered by the AM 1985-88 Import & Export Policy rather than as goods outside the Open General Licence regime. The Tribunal relied on an earlier decision on similar facts that had not been disturbed by the Supreme Court, and accepted the importer's claim. Once the import was brought within the governing policy, the foundation for confiscation, redemption fine and penalty under the Customs Act fell away, and those consequences were set aside. en-us Thu, 08 Feb 1990 00:00:00 +0530 Thu, 16 Jun 2011 11:39:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=80335 Synthetic rags imported in a partially cut condition were treated as covered by the AM 1985-88 Import & Export Policy rather than as goods outside the Open General Licence regime. The Tribunal relied on an earlier decision on similar facts that had not been disturbed by the Supreme Court, and accepted the importer's claim. Once the import was brought within the governing policy, the foundation for confiscation, redemption fine and penalty under the Customs Act fell away, and those consequences were set aside. Case-Laws Customs Thu, 08 Feb 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=80335