https://www.taxtmi.com/caselaws?id=41379 The Court determined that the managing entity was the actual importer and owner of goods, despite licences being in the name of textile mills. Fines for trafficking in licences were imposed, but a potential disparity in penalties between the managing entity and textile mills was noted. The Court set aside fines and remanded the cases for reconsideration of penalty proportionality. Appellants' Bank Guarantee was to remain enforceable until final case disposal. en-us Thu, 05 Feb 1981 00:00:00 +0530 Sat, 02 Aug 2014 09:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=41379 The Court determined that the managing entity was the actual importer and owner of goods, despite licences being in the name of textile mills. Fines for trafficking in licences were imposed, but a potential disparity in penalties between the managing entity and textile mills was noted. The Court set aside fines and remanded the cases for reconsideration of penalty proportionality. Appellants' Bank Guarantee was to remain enforceable until final case disposal. Case-Laws Customs Thu, 05 Feb 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=41379