https://www.taxtmi.com/caselaws?id=254709 Non-fulfilment of the conditions of Notification No. 80/95-Customs and the export obligation under an import licence can still attract confiscation and penalty under the Customs Act, even if duty and interest have been paid, where the governing policy preserves independent customs action notwithstanding regularisation. At the same time, subsequent redemption and export-obligation discharge documents may be relevant to assess whether the default was bona fide and whether confiscation and penalty should be sustained on the facts. The matter was therefore considered fit for fresh examination on remand, while the view that payment of duty and interest alone barred penalty was rejected. en-us Fri, 28 Nov 2014 00:00:00 +0530 Fri, 19 Jun 2015 14:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254709 Non-fulfilment of the conditions of Notification No. 80/95-Customs and the export obligation under an import licence can still attract confiscation and penalty under the Customs Act, even if duty and interest have been paid, where the governing policy preserves independent customs action notwithstanding regularisation. At the same time, subsequent redemption and export-obligation discharge documents may be relevant to assess whether the default was bona fide and whether confiscation and penalty should be sustained on the facts. The matter was therefore considered fit for fresh examination on remand, while the view that payment of duty and interest alone barred penalty was rejected. Case-Laws Customs Fri, 28 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254709