https://www.taxtmi.com/caselaws?id=43242 Under the 1978-79 Import Policy, tailor-made mechanical seals that differed in size, specification and code, and were not interchangeable, could be treated as separate spares for the prescribed value limit rather than clubbed as one unit; the classification was decided in favour of the assessee. The Court also held that where the importer made full disclosure, acted bona fide, and there was no deliberate contravention, fine in lieu of confiscation was not warranted; penal consequences were therefore set aside. The principle applied was that, where two constructions are reasonably open, the interpretation beneficial to the importer should be adopted. en-us Wed, 20 Mar 1991 00:00:00 +0530 Thu, 17 Jun 2010 09:59:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=43242 Under the 1978-79 Import Policy, tailor-made mechanical seals that differed in size, specification and code, and were not interchangeable, could be treated as separate spares for the prescribed value limit rather than clubbed as one unit; the classification was decided in favour of the assessee. The Court also held that where the importer made full disclosure, acted bona fide, and there was no deliberate contravention, fine in lieu of confiscation was not warranted; penal consequences were therefore set aside. The principle applied was that, where two constructions are reasonably open, the interpretation beneficial to the importer should be adopted. Case-Laws Customs Wed, 20 Mar 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=43242