https://www.taxtmi.com/caselaws?id=438327 Imported gold dore bars were assessed against a prescribed purity threshold under the import licence, and goods found outside that threshold were treated as liable to confiscation with re-export permitted. For Gold Dore Bar No. 1, confiscation and re-export were sustained, but the redemption fine was reduced as disproportionate to the limited valuation discrepancy. For Gold Dore Bar No. 2 and the tin package, the test reports did not establish breach of the purity condition, so confiscation under the package-confiscation rule was set aside. The penalty was also reduced to reflect the narrow extent of the proven infraction. en-us Thu, 30 Mar 2023 00:00:00 +0530 Sun, 28 May 2023 22:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438327 Imported gold dore bars were assessed against a prescribed purity threshold under the import licence, and goods found outside that threshold were treated as liable to confiscation with re-export permitted. For Gold Dore Bar No. 1, confiscation and re-export were sustained, but the redemption fine was reduced as disproportionate to the limited valuation discrepancy. For Gold Dore Bar No. 2 and the tin package, the test reports did not establish breach of the purity condition, so confiscation under the package-confiscation rule was set aside. The penalty was also reduced to reflect the narrow extent of the proven infraction. Case-Laws Customs Thu, 30 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438327