https://www.taxtmi.com/caselaws?id=264701 The Tribunal upheld the customs duty demand of Rs. 10,81,10,330/- with interest, as the imported goods were restricted items not eligible for exemption under the SFIS scheme. Promissory estoppel was deemed inapplicable as the utilization of SFIS scrips should align with the policy in force at the time of import. The Tribunal set aside the redemption fine but upheld reduced penalties, emphasizing adherence to policy provisions and denying the applicability of promissory estoppel. en-us Fri, 25 Sep 2015 00:00:00 +0530 Sat, 15 Oct 2016 16:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264701 The Tribunal upheld the customs duty demand of Rs. 10,81,10,330/- with interest, as the imported goods were restricted items not eligible for exemption under the SFIS scheme. Promissory estoppel was deemed inapplicable as the utilization of SFIS scrips should align with the policy in force at the time of import. The Tribunal set aside the redemption fine but upheld reduced penalties, emphasizing adherence to policy provisions and denying the applicability of promissory estoppel. Case-Laws Customs Fri, 25 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264701