https://www.taxtmi.com/caselaws?id=418116 Imported digital multifunctional devices were treated as restricted goods rather than prohibited goods. The text explains that absence of import authorisation does not, by itself, require absolute confiscation where the statutory scheme permits redemption. Section 125 of the Customs Act, 1962 must be read harmoniously with the Foreign Trade regime, preserving discretion to allow redemption of restricted goods on payment of redemption fine and penalty. The goods were therefore capable of clearance for home consumption, while the valuation dispute remained open for further adjudication. en-us Mon, 31 Jan 2022 00:00:00 +0530 Wed, 09 Feb 2022 05:43:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418116 Imported digital multifunctional devices were treated as restricted goods rather than prohibited goods. The text explains that absence of import authorisation does not, by itself, require absolute confiscation where the statutory scheme permits redemption. Section 125 of the Customs Act, 1962 must be read harmoniously with the Foreign Trade regime, preserving discretion to allow redemption of restricted goods on payment of redemption fine and penalty. The goods were therefore capable of clearance for home consumption, while the valuation dispute remained open for further adjudication. Case-Laws Customs Mon, 31 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418116