https://www.taxtmi.com/caselaws?id=340325 Import of multifunctional devices was examined against the timing of the purchase order, shipment and the later restriction under paragraph 2.17 of the Foreign Trade Policy, 2009-2014. As the goods had been ordered and received at the port before the restrictive amendment took effect, a very high penalty was considered unwarranted, and the declared and enhanced values supported moderation of the redemption fine. The punishment was therefore reduced on the facts, with the redemption fine and penalty brought down to Rs. 3,15,000 and Rs. 15,000 respectively. en-us Fri, 03 Feb 2017 00:00:00 +0530 Mon, 20 Mar 2017 10:12:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340325 Import of multifunctional devices was examined against the timing of the purchase order, shipment and the later restriction under paragraph 2.17 of the Foreign Trade Policy, 2009-2014. As the goods had been ordered and received at the port before the restrictive amendment took effect, a very high penalty was considered unwarranted, and the declared and enhanced values supported moderation of the redemption fine. The punishment was therefore reduced on the facts, with the redemption fine and penalty brought down to Rs. 3,15,000 and Rs. 15,000 respectively. Case-Laws Customs Fri, 03 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340325