https://www.taxtmi.com/caselaws?id=339715 Penalty for exporting medallions instead of approved pendants under a Letter of Approval was found unsustainable where the goods answered to the approved commodity in common parlance, the Customs clarification and earlier understanding treated medallions and pendants as having the same meaning and use, and there was no statutory distinction between them. The Court noted continued export without objection and compliance with the prescribed value addition, and held that handbook norms could not override the absence of deliberate misrepresentation or mens rea. The penalty order was therefore set aside. en-us Fri, 24 Feb 2017 00:00:00 +0530 Tue, 22 Aug 2017 17:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339715 Penalty for exporting medallions instead of approved pendants under a Letter of Approval was found unsustainable where the goods answered to the approved commodity in common parlance, the Customs clarification and earlier understanding treated medallions and pendants as having the same meaning and use, and there was no statutory distinction between them. The Court noted continued export without objection and compliance with the prescribed value addition, and held that handbook norms could not override the absence of deliberate misrepresentation or mens rea. The penalty order was therefore set aside. Case-Laws Customs Fri, 24 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339715