https://www.taxtmi.com/caselaws?id=355070 The Tribunal partially allowed the appeal concerning the import of old/used digital multifunctional Print and Copying Machines without a valid license. The Tribunal set aside the redemption fine and penalty imposed under Section 111 (d) of the Customs Act, 1962, while upholding the enhancement of the goods' value. It was determined that the imported goods were not restricted items during the relevant period, leading to the unsustainable imposition of fines and penalties. Compliance with licensing requirements and legal interpretation of import restrictions were emphasized in the decision. en-us Tue, 03 Oct 2017 00:00:00 +0530 Fri, 09 Feb 2018 07:47:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355070 The Tribunal partially allowed the appeal concerning the import of old/used digital multifunctional Print and Copying Machines without a valid license. The Tribunal set aside the redemption fine and penalty imposed under Section 111 (d) of the Customs Act, 1962, while upholding the enhancement of the goods' value. It was determined that the imported goods were not restricted items during the relevant period, leading to the unsustainable imposition of fines and penalties. Compliance with licensing requirements and legal interpretation of import restrictions were emphasized in the decision. Case-Laws Customs Tue, 03 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355070