https://www.taxtmi.com/caselaws?id=121793 High Speed Diesel imported through a letter of authority issued by a 100% export oriented undertaking was treated as authorised under the Import-Export Policy, because the policy permitted import of non-prohibited goods, warehousing in a bonded warehouse, and later clearance for home consumption. The appellant's subsequent use of the warehoused goods for supply to the export oriented undertaking and as ship stores, together with the DGFT clarification, supported the claimed policy benefit. The alternative lawful route could not be rejected merely because it was not raised at the initial investigation stage. Confiscation and penalties were therefore not sustainable, and the appeals were allowed with consequential relief. en-us Thu, 07 Jun 2007 00:00:00 +0530 Mon, 06 Aug 2012 13:21:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121793 High Speed Diesel imported through a letter of authority issued by a 100% export oriented undertaking was treated as authorised under the Import-Export Policy, because the policy permitted import of non-prohibited goods, warehousing in a bonded warehouse, and later clearance for home consumption. The appellant's subsequent use of the warehoused goods for supply to the export oriented undertaking and as ship stores, together with the DGFT clarification, supported the claimed policy benefit. The alternative lawful route could not be rejected merely because it was not raised at the initial investigation stage. Confiscation and penalties were therefore not sustainable, and the appeals were allowed with consequential relief. Case-Laws Customs Thu, 07 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121793