https://www.taxtmi.com/caselaws?id=100890 A customs exemption tied to an endorsed import licence was denied because the goods had already been shipped, arrived and been provisionally cleared before the endorsement, and provisional clearance on duty payment did not prevent them from being treated as cleared. On that basis, confiscation under Section 111(o) of the Customs Act was sustained once exemption was unavailable. Penalty under Section 112, however, was set aside because it is legally distinct from confiscation and the stated basis for penalty could not rest merely on the goods being unavailable for confiscation. en-us Wed, 10 Oct 2001 00:00:00 +0530 Tue, 07 Feb 2012 16:14:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100890 A customs exemption tied to an endorsed import licence was denied because the goods had already been shipped, arrived and been provisionally cleared before the endorsement, and provisional clearance on duty payment did not prevent them from being treated as cleared. On that basis, confiscation under Section 111(o) of the Customs Act was sustained once exemption was unavailable. Penalty under Section 112, however, was set aside because it is legally distinct from confiscation and the stated basis for penalty could not rest merely on the goods being unavailable for confiscation. Case-Laws Customs Wed, 10 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100890