https://www.taxtmi.com/caselaws?id=342104 Imported tyres were examined brand-wise and on the basis of certification and quality evidence. Nexen brand tyres were treated as eligible for home consumption because the BIS licence, though expired on the import date, was later extended and taken as revived for that brand, with duty payable on release. For the remaining tyres, release depended on fresh testing by an acceptable laboratory to determine whether they met required quality standards; if acceptable, home consumption was to follow, and if not, re-export could be allowed on payment of redemption fine. The earlier penalty was considered excessive and was reduced, with the matter remanded for fresh determination of release, redemption fine and penalty. en-us Fri, 07 Apr 2017 00:00:00 +0530 Sat, 27 May 2017 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342104 Imported tyres were examined brand-wise and on the basis of certification and quality evidence. Nexen brand tyres were treated as eligible for home consumption because the BIS licence, though expired on the import date, was later extended and taken as revived for that brand, with duty payable on release. For the remaining tyres, release depended on fresh testing by an acceptable laboratory to determine whether they met required quality standards; if acceptable, home consumption was to follow, and if not, re-export could be allowed on payment of redemption fine. The earlier penalty was considered excessive and was reduced, with the matter remanded for fresh determination of release, redemption fine and penalty. Case-Laws Customs Fri, 07 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342104