https://www.taxtmi.com/caselaws?id=96088 The Tribunal ruled in favor of the importers in high sea sale transactions, holding that goods permissible under the Open General License could not be confiscated, thus penalties could not be imposed. It determined the non-existent entity as the buyer, affirming the validity of the importer. The Tribunal emphasized that penalties under Section 112 could not be imposed without confiscation liability and proper notice, dismissing appeals against brokers for lack of evidence and eligibility claims. The judgment underscored the significance of adherence to import policies and proper documentation in customs transactions. en-us Mon, 12 Mar 2001 00:00:00 +0530 Sat, 17 Dec 2011 11:57:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96088 The Tribunal ruled in favor of the importers in high sea sale transactions, holding that goods permissible under the Open General License could not be confiscated, thus penalties could not be imposed. It determined the non-existent entity as the buyer, affirming the validity of the importer. The Tribunal emphasized that penalties under Section 112 could not be imposed without confiscation liability and proper notice, dismissing appeals against brokers for lack of evidence and eligibility claims. The judgment underscored the significance of adherence to import policies and proper documentation in customs transactions. Case-Laws Customs Mon, 12 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96088