https://www.taxtmi.com/caselaws?id=93251 Imported populated PCBs were treated as restricted goods and, in the absence of a specific import licence, the import was held to offend Customs law. Confiscation was justified under Section 111(d), and penalty was sustained under Section 112(a) on the basis that the goods were imported contrary to the licence requirement. The analysis also records that the assessed margin of profit and licence market value supported the confiscation and penalty, while absence of mens rea was held irrelevant for penalty under Section 112(a). en-us Wed, 12 Jan 2000 00:00:00 +0530 Wed, 09 Nov 2011 13:20:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93251 Imported populated PCBs were treated as restricted goods and, in the absence of a specific import licence, the import was held to offend Customs law. Confiscation was justified under Section 111(d), and penalty was sustained under Section 112(a) on the basis that the goods were imported contrary to the licence requirement. The analysis also records that the assessed margin of profit and licence market value supported the confiscation and penalty, while absence of mens rea was held irrelevant for penalty under Section 112(a). Case-Laws Customs Wed, 12 Jan 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93251