https://www.taxtmi.com/caselaws?id=84261 A strict transitional import exception for Open General Licence clearance of cassia required proof that sea cargo had actually commenced transit within the permitted period; the relevant shipment date was the date the goods were loaded on board, not the bill of lading date. The exception also depended on a confirmed order and an operative irrevocable letter of credit, both of which had to be satisfactorily established. Under customs valuation rules, unrebutted under-valuation could support confiscation. Redemption fine may be retained where not excessive, while penalty can be moderated on the overall facts. en-us Tue, 21 Mar 1995 00:00:00 +0530 Wed, 20 Jul 2011 17:21:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84261 A strict transitional import exception for Open General Licence clearance of cassia required proof that sea cargo had actually commenced transit within the permitted period; the relevant shipment date was the date the goods were loaded on board, not the bill of lading date. The exception also depended on a confirmed order and an operative irrevocable letter of credit, both of which had to be satisfactorily established. Under customs valuation rules, unrebutted under-valuation could support confiscation. Redemption fine may be retained where not excessive, while penalty can be moderated on the overall facts. Case-Laws Customs Tue, 21 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84261