https://www.taxtmi.com/caselaws?id=750747 Imports of old and used Digital Multifunction Printers made before 28.02.2013 were treated as freely importable, so no licence was required for the relevant period. Enhancement of value based only on a Chartered Engineer's certificate, without corroborative evidence, was held insufficient to establish misdeclaration. On that basis, confiscation could not be sustained, and the consequential redemption fine and penalty were also unsustainable. The note reflects the settled position that the pre-restriction period remained outside the later DGFT licensing requirement, and that valuation enhancement alone does not justify penal consequences absent supporting material. en-us Fri, 12 Jan 2024 00:00:00 +0530 Fri, 29 Mar 2024 07:46:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=750747 Imports of old and used Digital Multifunction Printers made before 28.02.2013 were treated as freely importable, so no licence was required for the relevant period. Enhancement of value based only on a Chartered Engineer's certificate, without corroborative evidence, was held insufficient to establish misdeclaration. On that basis, confiscation could not be sustained, and the consequential redemption fine and penalty were also unsustainable. The note reflects the settled position that the pre-restriction period remained outside the later DGFT licensing requirement, and that valuation enhancement alone does not justify penal consequences absent supporting material. Case-Laws Customs Fri, 12 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=750747