https://www.taxtmi.com/caselaws?id=167265 A subsequent amendment to a valid letter of credit that only changed the shipment date did not create a fresh import commitment or remove the goods from Open General Licence coverage. The confiscation based on alleged contravention of the import control provisions was therefore unsustainable. The charge of under-valuation also failed because the declared value was supported by the contract, letter of credit and import documents, while the department relied only on comparison with another import without cogent evidence of extra payment or clandestine remittance. The appellate tribunal set aside the confiscation and valuation findings and granted consequential relief to the importers. en-us Thu, 21 Mar 1985 00:00:00 +0530 Sat, 13 Dec 2014 12:03:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167265 A subsequent amendment to a valid letter of credit that only changed the shipment date did not create a fresh import commitment or remove the goods from Open General Licence coverage. The confiscation based on alleged contravention of the import control provisions was therefore unsustainable. The charge of under-valuation also failed because the declared value was supported by the contract, letter of credit and import documents, while the department relied only on comparison with another import without cogent evidence of extra payment or clandestine remittance. The appellate tribunal set aside the confiscation and valuation findings and granted consequential relief to the importers. Case-Laws Customs Thu, 21 Mar 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167265