https://www.taxtmi.com/caselaws?id=349605 Goods imported before the relevant restriction came into force could not be confiscated for want of a specific import licence, so that ground of confiscation was not sustained. However, the proved undervaluation and enhancement of assessable value justified confiscation on valuation grounds, so that finding was maintained. In view of the goods' non-restricted status at the time of import and the surrounding circumstances, the redemption fine and penalty were reduced. An additional redemption fine imposed for alleged undeclared connectivity and variation in model was found to have no legal basis and was set aside. en-us Fri, 11 Aug 2017 00:00:00 +0530 Thu, 21 Feb 2019 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349605 Goods imported before the relevant restriction came into force could not be confiscated for want of a specific import licence, so that ground of confiscation was not sustained. However, the proved undervaluation and enhancement of assessable value justified confiscation on valuation grounds, so that finding was maintained. In view of the goods' non-restricted status at the time of import and the surrounding circumstances, the redemption fine and penalty were reduced. An additional redemption fine imposed for alleged undeclared connectivity and variation in model was found to have no legal basis and was set aside. Case-Laws Customs Fri, 11 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349605