https://www.taxtmi.com/caselaws?id=91727 Goods described in the invoice as stock lots were treated in trade parlance as disposal goods, and therefore not as new goods required under the import policy. On that basis, import in breach of the policy attracted confiscation under Section 111(d) of the Customs Act, and the policy-violation finding was sustained. The redemption fine was moderated on the facts, with the actual user of the goods taken into account, and reduced from Rs. 1 lakh to Rs. 80,000. The substantive confiscability finding remained intact while only the fine was reduced. en-us Wed, 13 Jan 1999 00:00:00 +0530 Thu, 20 Oct 2011 14:34:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91727 Goods described in the invoice as stock lots were treated in trade parlance as disposal goods, and therefore not as new goods required under the import policy. On that basis, import in breach of the policy attracted confiscation under Section 111(d) of the Customs Act, and the policy-violation finding was sustained. The redemption fine was moderated on the facts, with the actual user of the goods taken into account, and reduced from Rs. 1 lakh to Rs. 80,000. The substantive confiscability finding remained intact while only the fine was reduced. Case-Laws Customs Wed, 13 Jan 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91727