https://www.taxtmi.com/caselaws?id=369605 Import of Special Boiling Point Spirit was treated as unauthorised because paragraph 2.20 of the Foreign Trade Policy 2015-20 restricts import of the notified goods to the regulated State Trading Enterprises channel. However, once re-export of the goods was permitted, redemption fine was not justified. Penalty under the Customs Act, 1962 was also not sustained because the goods were correctly described and classified in the bill of entry, were intended for captive manufacture, and there was no misdeclaration, suppression, or mala fide conduct. en-us Thu, 25 Oct 2018 00:00:00 +0530 Fri, 21 Feb 2020 14:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369605 Import of Special Boiling Point Spirit was treated as unauthorised because paragraph 2.20 of the Foreign Trade Policy 2015-20 restricts import of the notified goods to the regulated State Trading Enterprises channel. However, once re-export of the goods was permitted, redemption fine was not justified. Penalty under the Customs Act, 1962 was also not sustained because the goods were correctly described and classified in the bill of entry, were intended for captive manufacture, and there was no misdeclaration, suppression, or mala fide conduct. Case-Laws Customs Thu, 25 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369605