https://www.taxtmi.com/caselaws?id=107602 Prior permission of the licensing authority was a condition precedent for disposal of replenished exempt material under paragraph 244(3) of the Import Policy and Notification No. 116/88, so sale without approval was contrary to law. For goods already sold in breach of that requirement, duty demand and confiscation were sustained under clause (o) of Section 111 of the Customs Act, 1962. However, the confiscation of seized replenishment stock was not supported on the same reasoning. The importer's penalty was reduced because the contravention was limited, while the penalties on the broker and warehousing corporation were set aside. en-us Wed, 25 Jun 2003 00:00:00 +0530 Fri, 23 Mar 2012 16:59:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107602 Prior permission of the licensing authority was a condition precedent for disposal of replenished exempt material under paragraph 244(3) of the Import Policy and Notification No. 116/88, so sale without approval was contrary to law. For goods already sold in breach of that requirement, duty demand and confiscation were sustained under clause (o) of Section 111 of the Customs Act, 1962. However, the confiscation of seized replenishment stock was not supported on the same reasoning. The importer's penalty was reduced because the contravention was limited, while the penalties on the broker and warehousing corporation were set aside. Case-Laws Customs Wed, 25 Jun 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107602