https://www.taxtmi.com/caselaws?id=761608 Restricted import of old and used worn clothing without the requisite specific licence supports confiscation under Section 111(d) of the Customs Act, 1962, where the goods are covered by the governing foreign trade restrictions. The Tribunal noted that the absence of licence was not disputed and applied its earlier view that confiscation is sustainable in such cases. It also held that redemption fine and penalty must be assessed with reference to the ascertained value and surrounding circumstances, and found no legal infirmity or factual basis to interfere with the quantum adopted by the adjudicating authority. The confiscation, penalties, and redemption fine were therefore maintained. en-us Mon, 11 Nov 2024 00:00:00 +0530 Tue, 12 Nov 2024 17:26:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761608 Restricted import of old and used worn clothing without the requisite specific licence supports confiscation under Section 111(d) of the Customs Act, 1962, where the goods are covered by the governing foreign trade restrictions. The Tribunal noted that the absence of licence was not disputed and applied its earlier view that confiscation is sustainable in such cases. It also held that redemption fine and penalty must be assessed with reference to the ascertained value and surrounding circumstances, and found no legal infirmity or factual basis to interfere with the quantum adopted by the adjudicating authority. The confiscation, penalties, and redemption fine were therefore maintained. Case-Laws Customs Mon, 11 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761608