https://www.taxtmi.com/caselaws?id=96010 Import licence requirements are not waived merely because goods are brought in for processing and re-export; absent any legal basis for exemption, confiscation under the Customs Act was upheld. However, the intention to use the goods solely for embroidery and export of the finished products was treated as a mitigating circumstance for fiscal consequences, so the penalty was set aside and the redemption fine was reduced. The confiscation remained intact, but relief was granted only on the quantum of penalty and fine. en-us Mon, 30 Apr 2001 00:00:00 +0530 Fri, 16 Dec 2011 15:54:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96010 Import licence requirements are not waived merely because goods are brought in for processing and re-export; absent any legal basis for exemption, confiscation under the Customs Act was upheld. However, the intention to use the goods solely for embroidery and export of the finished products was treated as a mitigating circumstance for fiscal consequences, so the penalty was set aside and the redemption fine was reduced. The confiscation remained intact, but relief was granted only on the quantum of penalty and fine. Case-Laws Customs Mon, 30 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96010