https://www.taxtmi.com/caselaws?id=95675 The Tribunal ruled in favor of the appellant regarding the interpretation of the Exim Policy, stating that the importation of both new and old cars was permissible as the policy did not explicitly restrict to new cars only. The appellant's excess importation of cars due to ignorance of the law was viewed leniently, considering no outflow of foreign currency. The Tribunal set aside the confiscation of 3 cars, reduced the redemption fine and penalty amounts, partially allowing the appeal and granting consequential relief to the appellant. en-us Mon, 17 Jul 2000 00:00:00 +0530 Wed, 14 Dec 2011 12:06:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95675 The Tribunal ruled in favor of the appellant regarding the interpretation of the Exim Policy, stating that the importation of both new and old cars was permissible as the policy did not explicitly restrict to new cars only. The appellant's excess importation of cars due to ignorance of the law was viewed leniently, considering no outflow of foreign currency. The Tribunal set aside the confiscation of 3 cars, reduced the redemption fine and penalty amounts, partially allowing the appeal and granting consequential relief to the appellant. Case-Laws Customs Mon, 17 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95675