https://www.taxtmi.com/caselaws?id=121285 The appellants imported raw silk and silk yarn under an Advance Licence but failed to meet their export obligation. The Department sought to confiscate the goods and impose a penalty under Section 112(a) of the Customs Act. The Additional Commissioner upheld the penalty. However, the Tribunal ruled that the appellants' compliance with one condition discharged their liability, and penal liability did not arise. The appeal was allowed, setting aside the penalty and confiscation order. en-us Fri, 23 Mar 2007 00:00:00 +0530 Sat, 28 Jul 2012 10:43:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121285 The appellants imported raw silk and silk yarn under an Advance Licence but failed to meet their export obligation. The Department sought to confiscate the goods and impose a penalty under Section 112(a) of the Customs Act. The Additional Commissioner upheld the penalty. However, the Tribunal ruled that the appellants' compliance with one condition discharged their liability, and penal liability did not arise. The appeal was allowed, setting aside the penalty and confiscation order. Case-Laws Customs Fri, 23 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121285