https://www.taxtmi.com/caselaws?id=106596 Breach of an import condition prohibiting sale within five years rendered the imported printing machine liable to confiscation under section 111(o), and the purchaser's lack of knowledge did not defeat that consequence. The appellant's claimed innocence was, however, relevant to the monetary consequence, so the redemption fine was reduced from Rs. 5 lakhs to Rs. 1.5 lakhs. Confiscation remained undisturbed, while relief was confined to reduction of the fine. en-us Mon, 04 Mar 2002 00:00:00 +0530 Wed, 14 Mar 2012 18:20:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106596 Breach of an import condition prohibiting sale within five years rendered the imported printing machine liable to confiscation under section 111(o), and the purchaser's lack of knowledge did not defeat that consequence. The appellant's claimed innocence was, however, relevant to the monetary consequence, so the redemption fine was reduced from Rs. 5 lakhs to Rs. 1.5 lakhs. Confiscation remained undisturbed, while relief was confined to reduction of the fine. Case-Laws Customs Mon, 04 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106596