https://www.taxtmi.com/caselaws?id=91286 Imported old and used goods were admittedly liable to confiscation for want of the required import licence, so confiscation was sustained. The redemption fine was nevertheless reduced because the order did not address the normal margin of profit for such goods and only referred to demurrage, making the original fine excessive in the circumstances. The personal penalty on the importer was upheld, as the admitted unauthorised import and the surrounding facts gave no basis for interference. en-us Mon, 02 Nov 1998 00:00:00 +0530 Mon, 17 Oct 2011 10:59:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91286 Imported old and used goods were admittedly liable to confiscation for want of the required import licence, so confiscation was sustained. The redemption fine was nevertheless reduced because the order did not address the normal margin of profit for such goods and only referred to demurrage, making the original fine excessive in the circumstances. The personal penalty on the importer was upheld, as the admitted unauthorised import and the surrounding facts gave no basis for interference. Case-Laws Customs Mon, 02 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91286