https://www.taxtmi.com/caselaws?id=33694 The Tribunal allowed clearance of goods imported under EPCG licenses despite expired permissions, considering residual life and foreign exchange use. Confiscation under Section 111(j) was deemed inappropriate, and redemption fine set aside. Duty payment upheld under Section 72(1)(b) at warehousing period expiry. Penalties deemed unnecessary. Appellant directed to clear goods within three months. Appeal disposed of accordingly. en-us Wed, 03 Sep 2008 00:00:00 +0530 Thu, 04 Jun 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33694 The Tribunal allowed clearance of goods imported under EPCG licenses despite expired permissions, considering residual life and foreign exchange use. Confiscation under Section 111(j) was deemed inappropriate, and redemption fine set aside. Duty payment upheld under Section 72(1)(b) at warehousing period expiry. Penalties deemed unnecessary. Appellant directed to clear goods within three months. Appeal disposed of accordingly. Case-Laws Customs Wed, 03 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33694