https://www.taxtmi.com/caselaws?id=345438 Import of old and used digital multifunction printing and copying machines was treated as not restricted at the relevant time under the Foreign Trade Policy because the restriction on multifunctional digital copiers came into force only in 2012. As the enhancement of value was not disputed, the penal consequences were not eliminated entirely; however, the redemption fine and penalties were found excessive and were substantially reduced. Partial relief was therefore granted by lowering the fine and penalties while leaving the enhanced value undisturbed. en-us Mon, 03 Jul 2017 00:00:00 +0530 Tue, 18 Jul 2017 10:23:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345438 Import of old and used digital multifunction printing and copying machines was treated as not restricted at the relevant time under the Foreign Trade Policy because the restriction on multifunctional digital copiers came into force only in 2012. As the enhancement of value was not disputed, the penal consequences were not eliminated entirely; however, the redemption fine and penalties were found excessive and were substantially reduced. Partial relief was therefore granted by lowering the fine and penalties while leaving the enhanced value undisturbed. Case-Laws Customs Mon, 03 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345438