https://www.taxtmi.com/caselaws?id=440320 Penalty cannot be sustained where the importer is found not to have knowingly participated in fabrication of the import licence and was treated as a victim of consultant fraud; the penalty was therefore set aside. Goods imported without a valid licence remained liable to confiscation, because the absence of a valid authorisation was sufficient for that consequence. However, redemption fine had to be fixed on a reasonable and proportionate basis, and was reduced because the goods were not prohibited, there was no finding of undervaluation or quantified margin of profit, and the importer had suffered delay and financial loss. en-us Thu, 13 Jul 2023 00:00:00 +0530 Fri, 14 Jul 2023 10:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440320 Penalty cannot be sustained where the importer is found not to have knowingly participated in fabrication of the import licence and was treated as a victim of consultant fraud; the penalty was therefore set aside. Goods imported without a valid licence remained liable to confiscation, because the absence of a valid authorisation was sufficient for that consequence. However, redemption fine had to be fixed on a reasonable and proportionate basis, and was reduced because the goods were not prohibited, there was no finding of undervaluation or quantified margin of profit, and the importer had suffered delay and financial loss. Case-Laws Customs Thu, 13 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440320