https://www.taxtmi.com/caselaws?id=106472 Imported steel sheets could be cleared against a subsequently issued duty-free import licence where the applicable Export and Import Policy allowed goods already arrived but not yet cleared from Customs to be regularised in that manner. The goods were not shown to be prohibited goods under the Customs Act, and the policy permitted warehousing and clearance in accordance with licence requirements. On that basis, confiscation and penalty were not sustainable merely because the licence was obtained after arrival of the goods. en-us Mon, 05 Aug 2002 00:00:00 +0530 Wed, 14 Mar 2012 12:58:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106472 Imported steel sheets could be cleared against a subsequently issued duty-free import licence where the applicable Export and Import Policy allowed goods already arrived but not yet cleared from Customs to be regularised in that manner. The goods were not shown to be prohibited goods under the Customs Act, and the policy permitted warehousing and clearance in accordance with licence requirements. On that basis, confiscation and penalty were not sustainable merely because the licence was obtained after arrival of the goods. Case-Laws Customs Mon, 05 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106472