https://www.taxtmi.com/caselaws?id=107217 For sea imports subject to a licensing restriction, the operative date is the actual date the goods were shipped on board, not the date shown on a pre-dated bill of lading. The text states that second-hand machinery shipped after the restriction date could not rely on the transitional exception because no irrevocable letter of credit had been established before the cutoff. On the evidence of the steamer agent, the manipulation of the bills of lading was proved, bringing the goods within the restriction and making them liable to confiscation. Once contravention was established, penalty also followed, and the redemption fine and penalty were treated as reasonable. en-us Fri, 06 Sep 2002 00:00:00 +0530 Mon, 19 Mar 2012 16:07:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107217 For sea imports subject to a licensing restriction, the operative date is the actual date the goods were shipped on board, not the date shown on a pre-dated bill of lading. The text states that second-hand machinery shipped after the restriction date could not rely on the transitional exception because no irrevocable letter of credit had been established before the cutoff. On the evidence of the steamer agent, the manipulation of the bills of lading was proved, bringing the goods within the restriction and making them liable to confiscation. Once contravention was established, penalty also followed, and the redemption fine and penalty were treated as reasonable. Case-Laws Customs Fri, 06 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107217