https://www.taxtmi.com/caselaws?id=41631 An undefined fiscal expression in a customs notification must be given its ordinary and commercial meaning as understood in trade. On that approach, "silver bullion" was construed as silver in bars, ingots or comparable masses, and not as manufactured or finished silver articles such as plates, kadas, statues or scrap. The Court accepted trade understanding as decisive and rejected reliance on the Statement of Objects and Reasons to enlarge the term contrary to its ordinary sense. The articles therefore did not fall within specified goods under the notification, and confiscation and penalties based on that footing were unsustainable. en-us Mon, 22 Jul 1985 00:00:00 +0530 Sat, 05 Jun 2010 10:10:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=41631 An undefined fiscal expression in a customs notification must be given its ordinary and commercial meaning as understood in trade. On that approach, "silver bullion" was construed as silver in bars, ingots or comparable masses, and not as manufactured or finished silver articles such as plates, kadas, statues or scrap. The Court accepted trade understanding as decisive and rejected reliance on the Statement of Objects and Reasons to enlarge the term contrary to its ordinary sense. The articles therefore did not fall within specified goods under the notification, and confiscation and penalties based on that footing were unsustainable. Case-Laws Customs Mon, 22 Jul 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=41631