https://www.taxtmi.com/caselaws?id=82794 Second-hand diesel engines classified as consumer goods remained subject to the Import Control restricted list, so they could not be imported without a licence and were liable to confiscation. The fact that the goods were second-hand did not remove the licensing restriction. However, absolute confiscation was not sustained because similar consignments had earlier been released on redemption fine, and no special reason was shown to depart from that approach. In the absence of material on market value, profit margin, and related valuation factors, the matter was remitted for fixation of an appropriate redemption fine, taking prior releases, the condition of the goods, and demurrage into account. en-us Wed, 08 Sep 1993 00:00:00 +0530 Thu, 07 Jul 2011 13:17:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=82794 Second-hand diesel engines classified as consumer goods remained subject to the Import Control restricted list, so they could not be imported without a licence and were liable to confiscation. The fact that the goods were second-hand did not remove the licensing restriction. However, absolute confiscation was not sustained because similar consignments had earlier been released on redemption fine, and no special reason was shown to depart from that approach. In the absence of material on market value, profit margin, and related valuation factors, the matter was remitted for fixation of an appropriate redemption fine, taking prior releases, the condition of the goods, and demurrage into account. Case-Laws Customs Wed, 08 Sep 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=82794