https://www.taxtmi.com/caselaws?id=435643 Imports made under additional licences were assessed in light of the importer's bona fide understanding and the prevailing departmental clarifications at the time of ordering. The Court held that penalty was not warranted for a mere technical breach where the transaction was entered into under a legally supported belief, and the penalty was set aside. Although the goods were ultimately treated as unauthorised at the clearance stage, the redemption fine had to be proportionate to the goods, quantity, and comparable cases; the fine was found excessive and reduced. The confiscatory finding was left undisturbed in substance. en-us Wed, 22 Mar 2023 00:00:00 +0530 Thu, 23 Mar 2023 22:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435643 Imports made under additional licences were assessed in light of the importer's bona fide understanding and the prevailing departmental clarifications at the time of ordering. The Court held that penalty was not warranted for a mere technical breach where the transaction was entered into under a legally supported belief, and the penalty was set aside. Although the goods were ultimately treated as unauthorised at the clearance stage, the redemption fine had to be proportionate to the goods, quantity, and comparable cases; the fine was found excessive and reduced. The confiscatory finding was left undisturbed in substance. Case-Laws Customs Wed, 22 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435643