https://www.taxtmi.com/caselaws?id=80736 The Supreme Court upheld the confiscation of industrial coconut oil imports, ruling them unlawful. The case was remanded to determine the redemption fine, emphasizing the importer's bona fide conduct. Despite appellants' arguments of a genuine belief, the Tribunal found their actions lacking due diligence. Previous judgments and clarifications were deemed inapplicable, and the request for a reduction in the fine was denied. The Tribunal dismissed the appeals, affirming the confiscation and the redemption fine imposed. en-us Tue, 12 Jun 1990 00:00:00 +0530 Sat, 18 Jun 2011 18:36:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=80736 The Supreme Court upheld the confiscation of industrial coconut oil imports, ruling them unlawful. The case was remanded to determine the redemption fine, emphasizing the importer's bona fide conduct. Despite appellants' arguments of a genuine belief, the Tribunal found their actions lacking due diligence. Previous judgments and clarifications were deemed inapplicable, and the request for a reduction in the fine was denied. The Tribunal dismissed the appeals, affirming the confiscation and the redemption fine imposed. Case-Laws Customs Tue, 12 Jun 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=80736