https://www.taxtmi.com/caselaws?id=154875 The Tribunal upheld the confiscation of 5 consignments of rough diamonds cleared with forged licenses but allowed redemption on payment of a fine. The Tribunal found 3 other consignments not liable for confiscation as valid licenses were submitted. Confiscation of past goods on forged licenses was agreed upon, with penalties imposed on firms. Importers of goods on forged licenses were not penalized due to lack of mala fide intent. Penalties were reduced for certain firms and individuals, with separate penalties deemed unnecessary. The majority order favored reduced penalties and redemption of confiscated goods. en-us Fri, 28 Apr 2006 00:00:00 +0530 Thu, 29 Aug 2013 11:13:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=154875 The Tribunal upheld the confiscation of 5 consignments of rough diamonds cleared with forged licenses but allowed redemption on payment of a fine. The Tribunal found 3 other consignments not liable for confiscation as valid licenses were submitted. Confiscation of past goods on forged licenses was agreed upon, with penalties imposed on firms. Importers of goods on forged licenses were not penalized due to lack of mala fide intent. Penalties were reduced for certain firms and individuals, with separate penalties deemed unnecessary. The majority order favored reduced penalties and redemption of confiscated goods. Case-Laws Customs Fri, 28 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=154875