https://www.taxtmi.com/caselaws?id=105611 An import licence that expressly incorporates earlier policy provisions governs the importer's entitlement and conditions, even if the goods are imported during the currency of a later policy. On that reasoning, defective CRGO sheets imported under REP licences were not treated as unauthorised merely because the later import policy had come into force. The same principle was applied to conclude that confiscation under Section 111(d) of the Customs Act, 1962 was not sustainable where the imports remained within the licence limits. The confiscation and penalty were therefore set aside and clearance of the goods was permitted. en-us Fri, 28 Dec 2001 00:00:00 +0530 Tue, 06 Mar 2012 15:38:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105611 An import licence that expressly incorporates earlier policy provisions governs the importer's entitlement and conditions, even if the goods are imported during the currency of a later policy. On that reasoning, defective CRGO sheets imported under REP licences were not treated as unauthorised merely because the later import policy had come into force. The same principle was applied to conclude that confiscation under Section 111(d) of the Customs Act, 1962 was not sustainable where the imports remained within the licence limits. The confiscation and penalty were therefore set aside and clearance of the goods was permitted. Case-Laws Customs Fri, 28 Dec 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105611