https://www.taxtmi.com/caselaws?id=84310 General OGL conditions in Appendix 6 were treated as applicable to imports during the relevant policy period, and compliance with paragraph 7(1) of the licence did not displace the separate pre-import contract-registration requirement in paragraph 31. Non-compliance with that requirement therefore justified confiscation. On penalty, the redemption fine was found excessive because the goods were imported for research and development, the importers were actual users, and no profit motive or revenue loss was shown; a fine equal to 100% of CIF value was held disproportionate and reduced to Rs. 1,500. en-us Fri, 30 Jun 1995 00:00:00 +0530 Thu, 21 Jul 2011 11:47:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84310 General OGL conditions in Appendix 6 were treated as applicable to imports during the relevant policy period, and compliance with paragraph 7(1) of the licence did not displace the separate pre-import contract-registration requirement in paragraph 31. Non-compliance with that requirement therefore justified confiscation. On penalty, the redemption fine was found excessive because the goods were imported for research and development, the importers were actual users, and no profit motive or revenue loss was shown; a fine equal to 100% of CIF value was held disproportionate and reduced to Rs. 1,500. Case-Laws Customs Fri, 30 Jun 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84310