https://www.taxtmi.com/caselaws?id=406658 Import of Black Matpe FAQ Crop 2019 was treated as a restricted item under the Foreign Trade Policy 2015-20 and the applicable import conditions. Because the importer lacked the required DGFT licence and had not complied with the prescribed annual quota, the import was found to be in contravention of the restriction and liable to confiscation under the Customs Act, 1962. In light of the declared value of the goods and the nature of the violation, the redemption fine and penalty were not considered excessive. The challenged fine and penalty were therefore upheld, and no interference was called for. en-us Fri, 16 Apr 2021 00:00:00 +0530 Fri, 22 Oct 2021 14:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406658 Import of Black Matpe FAQ Crop 2019 was treated as a restricted item under the Foreign Trade Policy 2015-20 and the applicable import conditions. Because the importer lacked the required DGFT licence and had not complied with the prescribed annual quota, the import was found to be in contravention of the restriction and liable to confiscation under the Customs Act, 1962. In light of the declared value of the goods and the nature of the violation, the redemption fine and penalty were not considered excessive. The challenged fine and penalty were therefore upheld, and no interference was called for. Case-Laws Customs Fri, 16 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406658