https://www.taxtmi.com/caselaws?id=285291 Import restrictions introduced by a later notification do not apply where artificial marble slabs were already covered by a concluded contract, advance payment, and shipment before the notification took effect. The commentary applies the principle that licensing restrictions attach only to goods contracted and paid for after the restrictive notification begins, relying on earlier High Court authority on pre-notification transactions. On that basis, confiscation, enhancement of assessable value, redemption fine and penalty were considered unsustainable. en-us Tue, 26 Feb 2019 00:00:00 +0530 Mon, 06 Jan 2020 20:14:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285291 Import restrictions introduced by a later notification do not apply where artificial marble slabs were already covered by a concluded contract, advance payment, and shipment before the notification took effect. The commentary applies the principle that licensing restrictions attach only to goods contracted and paid for after the restrictive notification begins, relying on earlier High Court authority on pre-notification transactions. On that basis, confiscation, enhancement of assessable value, redemption fine and penalty were considered unsustainable. Case-Laws Customs Tue, 26 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285291