https://www.taxtmi.com/caselaws?id=87090 For imports under a sea-shipment scheme, licence validity turns on the date of actual shipment, harmonised with the governing handbook provisions, not on the date stated in the bill of lading. Where the vessel reached the loading port only after the licence had expired, the goods were treated as not covered by a subsisting licence, so duty-free clearance was unavailable and confiscation followed. The commentary also notes that redemption fine must remain proportionate to the CIF value, while a deliberately pre-dated bill of lading and absence of proof of actual shipment supported the penalty. en-us Tue, 12 Aug 1997 00:00:00 +0530 Fri, 02 Sep 2011 16:52:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87090 For imports under a sea-shipment scheme, licence validity turns on the date of actual shipment, harmonised with the governing handbook provisions, not on the date stated in the bill of lading. Where the vessel reached the loading port only after the licence had expired, the goods were treated as not covered by a subsisting licence, so duty-free clearance was unavailable and confiscation followed. The commentary also notes that redemption fine must remain proportionate to the CIF value, while a deliberately pre-dated bill of lading and absence of proof of actual shipment supported the penalty. Case-Laws Customs Tue, 12 Aug 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87090