https://www.taxtmi.com/caselaws?id=357559 Marble slabs imported below the prescribed CIF value were treated as restricted goods because the import policy allowed free import only at US$ 50 per square metre or above; the lower declared value brought the goods within the restricted category and justified confiscation under customs law and the foreign trade policy. The importer was the actual user and no mala fide intention was shown, so while confiscation was sustained, the redemption fine and penalty were found excessive and reduced. The appeal therefore succeeded only to the limited extent of moderating the monetary consequences. en-us Wed, 28 Feb 2018 00:00:00 +0530 Mon, 04 Mar 2019 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357559 Marble slabs imported below the prescribed CIF value were treated as restricted goods because the import policy allowed free import only at US$ 50 per square metre or above; the lower declared value brought the goods within the restricted category and justified confiscation under customs law and the foreign trade policy. The importer was the actual user and no mala fide intention was shown, so while confiscation was sustained, the redemption fine and penalty were found excessive and reduced. The appeal therefore succeeded only to the limited extent of moderating the monetary consequences. Case-Laws Customs Wed, 28 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357559