https://www.taxtmi.com/caselaws?id=34238 The tribunal upheld the confiscation and value enhancement of imported old machines lacking a required license under Section 111(d) of the Customs Act. Despite subsequent amendments lifting the license requirement, the appellant's obligation to possess a valid license at the time of import was affirmed. The provisions in para 2.26 of the Exim Policy were deemed inapplicable, leading to the goods' rightful confiscation. The redemption fine and penalty were reduced, emphasizing that amendments do not erase pre-existing obligations under the Customs Act. The appeal was disposed of on 16-10-2008 with modified fines and penalties. en-us Thu, 16 Oct 2008 00:00:00 +0530 Wed, 29 Jul 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34238 The tribunal upheld the confiscation and value enhancement of imported old machines lacking a required license under Section 111(d) of the Customs Act. Despite subsequent amendments lifting the license requirement, the appellant's obligation to possess a valid license at the time of import was affirmed. The provisions in para 2.26 of the Exim Policy were deemed inapplicable, leading to the goods' rightful confiscation. The redemption fine and penalty were reduced, emphasizing that amendments do not erase pre-existing obligations under the Customs Act. The appeal was disposed of on 16-10-2008 with modified fines and penalties. Case-Laws Customs Thu, 16 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34238