https://www.taxtmi.com/caselaws?id=362112 Old and used imported spares and parts were treated as contrary to the Foreign Trade Policy because no Chartered Engineer's certificate showing the required residual life was produced, and some goods were also undeclared. On that basis, confiscation and penalty on the importer were upheld in principle. The monetary consequences were, however, found excessive on the facts, so the redemption fine and penalty were reduced. The operative effect was that contravention and confiscability were maintained, while the quantum of fiscal liability was modified downward. en-us Wed, 23 May 2018 00:00:00 +0530 Fri, 22 Mar 2019 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362112 Old and used imported spares and parts were treated as contrary to the Foreign Trade Policy because no Chartered Engineer's certificate showing the required residual life was produced, and some goods were also undeclared. On that basis, confiscation and penalty on the importer were upheld in principle. The monetary consequences were, however, found excessive on the facts, so the redemption fine and penalty were reduced. The operative effect was that contravention and confiscability were maintained, while the quantum of fiscal liability was modified downward. Case-Laws Customs Wed, 23 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362112