https://www.taxtmi.com/caselaws?id=81535 Goods imported under Open General Licence and cleared for home consumption with duty exemption could not be diverted for re-export without prior approval under the import control scheme. The clarification that such goods were meant for domestic use was treated as consistent with the statutory framework and its public-interest object, and the phrase "stock and sale" was read as permitting domestic consumption rather than unrestricted export abroad. The penalty was also sustained because the unauthorised diversion had yielded substantial profit and the goods were not available for ordinary confiscation treatment. en-us Fri, 14 Jun 1991 00:00:00 +0530 Mon, 27 Jun 2011 13:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=81535 Goods imported under Open General Licence and cleared for home consumption with duty exemption could not be diverted for re-export without prior approval under the import control scheme. The clarification that such goods were meant for domestic use was treated as consistent with the statutory framework and its public-interest object, and the phrase "stock and sale" was read as permitting domestic consumption rather than unrestricted export abroad. The penalty was also sustained because the unauthorised diversion had yielded substantial profit and the goods were not available for ordinary confiscation treatment. Case-Laws Customs Fri, 14 Jun 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=81535