https://www.taxtmi.com/caselaws?id=82404 The judgment clarified the correct approach to debiting import licenses, emphasizing bona fide pricing. The decision balanced unauthorized import with the absence of wilful misdeclaration, setting aside the penalty but upholding confiscation and fines for excess quantity. The Collector (Appeals) waived penalties due to lack of wilful misdeclaration, attributing no mala fides to the appellants. The decision set aside debiting the import license with the enhanced value but upheld confiscation of goods and fines for excess quantity. en-us Fri, 18 Dec 1992 00:00:00 +0530 Mon, 04 Jul 2011 18:24:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=82404 The judgment clarified the correct approach to debiting import licenses, emphasizing bona fide pricing. The decision balanced unauthorized import with the absence of wilful misdeclaration, setting aside the penalty but upholding confiscation and fines for excess quantity. The Collector (Appeals) waived penalties due to lack of wilful misdeclaration, attributing no mala fides to the appellants. The decision set aside debiting the import license with the enhanced value but upheld confiscation of goods and fines for excess quantity. Case-Laws Customs Fri, 18 Dec 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=82404