https://www.taxtmi.com/caselaws?id=95837 The Tribunal upheld the confiscation of second-hand machines due to the absence of a valid import license at the time of importation. However, the redemption fine was reduced from Rs. 80,000 to Rs. 20,000, and the personal penalty was revoked. The decision emphasized the significance of the actual shipment date in determining the license requirement and took into account the steps initiated before the licensing restrictions, attributing non-compliance to sudden regulatory changes rather than deliberate misconduct. en-us Tue, 08 Feb 2000 00:00:00 +0530 Thu, 15 Dec 2011 13:13:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95837 The Tribunal upheld the confiscation of second-hand machines due to the absence of a valid import license at the time of importation. However, the redemption fine was reduced from Rs. 80,000 to Rs. 20,000, and the personal penalty was revoked. The decision emphasized the significance of the actual shipment date in determining the license requirement and took into account the steps initiated before the licensing restrictions, attributing non-compliance to sudden regulatory changes rather than deliberate misconduct. Case-Laws Customs Tue, 08 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95837