https://www.taxtmi.com/caselaws?id=85581 The expression "gold" in the Export Import Policy, Special Import Licence and customs exemption notification was construed broadly under the liberalised import scheme. Gold coins were treated as a form of gold in common parlance, and the Tribunal noted that the policy and public notices aimed to facilitate import of gold rather than limit it to primary gold alone. On that construction, gold coins imported under the licence and notification were covered by the import permission and exemption, and the confiscation and penalty were held unsustainable. en-us Fri, 23 Aug 1996 00:00:00 +0530 Fri, 05 Aug 2011 18:34:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85581 The expression "gold" in the Export Import Policy, Special Import Licence and customs exemption notification was construed broadly under the liberalised import scheme. Gold coins were treated as a form of gold in common parlance, and the Tribunal noted that the policy and public notices aimed to facilitate import of gold rather than limit it to primary gold alone. On that construction, gold coins imported under the licence and notification were covered by the import permission and exemption, and the confiscation and penalty were held unsustainable. Case-Laws Customs Fri, 23 Aug 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85581