https://www.taxtmi.com/caselaws?id=82043 Imported goods were liable to confiscation because the licences produced did not cover the consignments, so the confiscation was upheld. The only surviving issue was the quantum of redemption fine. The tribunal accepted that depreciation and the condition of the goods had already been considered, but rejected parity with earlier cases because they arose in a different factual and policy setting. Prolonged warehousing was treated as a mitigating circumstance, and the redemption fine was reduced accordingly. en-us Mon, 17 Aug 1992 00:00:00 +0530 Fri, 01 Jul 2011 15:45:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=82043 Imported goods were liable to confiscation because the licences produced did not cover the consignments, so the confiscation was upheld. The only surviving issue was the quantum of redemption fine. The tribunal accepted that depreciation and the condition of the goods had already been considered, but rejected parity with earlier cases because they arose in a different factual and policy setting. Prolonged warehousing was treated as a mitigating circumstance, and the redemption fine was reduced accordingly. Case-Laws Customs Mon, 17 Aug 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=82043