https://www.taxtmi.com/caselaws?id=750747 Imports of old and used digital multifunction printers made before the DGFT restriction took effect were freely importable and required no specific licence. Where the goods were correctly described and classified, enhanced valuation based solely on a Chartered Engineer's certificate, without corroborative evidence, did not establish misdeclaration. Consequently, confiscation and the related redemption fine and penalty were unsustainable. The applicable principle is that a later import restriction does not govern imports completed before its effective date, and unsupported valuation enhancement cannot alone justify confiscatory action or penalties. 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 the DGFT restriction took effect were freely importable and required no specific licence. Where the goods were correctly described and classified, enhanced valuation based solely on a Chartered Engineer's certificate, without corroborative evidence, did not establish misdeclaration. Consequently, confiscation and the related redemption fine and penalty were unsustainable. The applicable principle is that a later import restriction does not govern imports completed before its effective date, and unsupported valuation enhancement cannot alone justify confiscatory action or penalties. Case-Laws Customs Fri, 12 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=750747