https://www.taxtmi.com/caselaws?id=183454 The Tribunal's decision setting aside the confiscation of goods and redemption fine imposed on the Respondent under section 111(d) of the Customs Act, 1962 was upheld. The Appellant's challenge was dismissed as the Tribunal found the import to be genuine and bonafide, entered into before policy changes. The judgment emphasizes the significance of genuine contracts and good faith in import transactions to avoid confiscation and fines, stressing the importance of legal clarity and adherence to import policies. en-us Mon, 01 Feb 2010 00:00:00 +0530 Tue, 04 Apr 2017 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183454 The Tribunal's decision setting aside the confiscation of goods and redemption fine imposed on the Respondent under section 111(d) of the Customs Act, 1962 was upheld. The Appellant's challenge was dismissed as the Tribunal found the import to be genuine and bonafide, entered into before policy changes. The judgment emphasizes the significance of genuine contracts and good faith in import transactions to avoid confiscation and fines, stressing the importance of legal clarity and adherence to import policies. Case-Laws Customs Mon, 01 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183454