https://www.taxtmi.com/caselaws?id=258317 Import of shell buttons made from a species listed in Schedule IV of the Wildlife (Protection) Act, 1972 was treated as prohibited under the EXIM Policy, so confiscation under Section 111(d) of the Customs Act, 1962 was upheld. The finding turned on the wildlife report identifying the goods as sea shell of the prohibited species. Penalty under Section 112(a) of the Customs Act, 1962 was, however, considered in light of the value of the goods and the overall facts and circumstances, and was reduced as excessive. Partial relief was therefore granted on penalty while confiscation remained confirmed. en-us Fri, 26 Dec 2014 00:00:00 +0530 Mon, 06 Apr 2015 06:00:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258317 Import of shell buttons made from a species listed in Schedule IV of the Wildlife (Protection) Act, 1972 was treated as prohibited under the EXIM Policy, so confiscation under Section 111(d) of the Customs Act, 1962 was upheld. The finding turned on the wildlife report identifying the goods as sea shell of the prohibited species. Penalty under Section 112(a) of the Customs Act, 1962 was, however, considered in light of the value of the goods and the overall facts and circumstances, and was reduced as excessive. Partial relief was therefore granted on penalty while confiscation remained confirmed. Case-Laws Customs Fri, 26 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258317