https://www.taxtmi.com/caselaws?id=98981 Penalty under the Customs Act for unauthorised import of a boat was considered in light of the import policy and a clarification from the licensing authority. Although the import was found unauthorised, the surrounding policy position created genuine doubt about whether sailing boats and similar craft fell within the negative list. The vessel's nature and intended use supported the importer's bona fide belief that the item was not prohibited. On that basis, penalty under Section 112 was held not justified and the setting aside of the penalty was upheld. en-us Fri, 19 May 2000 00:00:00 +0530 Tue, 24 Jan 2012 17:28:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98981 Penalty under the Customs Act for unauthorised import of a boat was considered in light of the import policy and a clarification from the licensing authority. Although the import was found unauthorised, the surrounding policy position created genuine doubt about whether sailing boats and similar craft fell within the negative list. The vessel's nature and intended use supported the importer's bona fide belief that the item was not prohibited. On that basis, penalty under Section 112 was held not justified and the setting aside of the penalty was upheld. Case-Laws Central Excise Fri, 19 May 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98981