https://www.taxtmi.com/caselaws?id=125186 The Appellants imported goods under a duty exemption against a transferable DFRC license. Allegations of misdeclaration were made, leading to confiscation of goods, fines, and penalties. The Appellants contested the duty demand, arguing no intent to evade payment. Upon review, it was found that the goods matched the license parameters, and misdeclaration charges were deemed unsustainable. The demand of duty was considered barred by limitation, resulting in the setting aside of penalties and demand. The Commissioner's decision was overturned on limitation grounds, and all appeals were allowed with consequential relief. en-us Wed, 27 Aug 2008 00:00:00 +0530 Sat, 20 Oct 2012 13:23:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125186 The Appellants imported goods under a duty exemption against a transferable DFRC license. Allegations of misdeclaration were made, leading to confiscation of goods, fines, and penalties. The Appellants contested the duty demand, arguing no intent to evade payment. Upon review, it was found that the goods matched the license parameters, and misdeclaration charges were deemed unsustainable. The demand of duty was considered barred by limitation, resulting in the setting aside of penalties and demand. The Commissioner's decision was overturned on limitation grounds, and all appeals were allowed with consequential relief. Case-Laws Customs Wed, 27 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125186