https://www.taxtmi.com/caselaws?id=45667 Imported inner races, outer races and cages of ball bearings were treated as component parts, not as complete ball bearings, for the purpose of the import licence issued under the July/December 1955 Import Trade Control Policy Book. The policy book then in force contained no specific entry covering component parts of ball bearings, and that separate entry was introduced only in the later 1956 policy. Applying the rule that ambiguity in fiscal and penal statutes must be resolved in favour of the importer, the HC held that the goods fell within the licence and could not be treated as unauthorised imports. The order of confiscation and fine was therefore not sustainable. en-us Sat, 11 Jul 1959 00:00:00 +0530 Tue, 13 Jul 2010 11:23:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=45667 Imported inner races, outer races and cages of ball bearings were treated as component parts, not as complete ball bearings, for the purpose of the import licence issued under the July/December 1955 Import Trade Control Policy Book. The policy book then in force contained no specific entry covering component parts of ball bearings, and that separate entry was introduced only in the later 1956 policy. Applying the rule that ambiguity in fiscal and penal statutes must be resolved in favour of the importer, the HC held that the goods fell within the licence and could not be treated as unauthorised imports. The order of confiscation and fine was therefore not sustainable. Case-Laws Customs Sat, 11 Jul 1959 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=45667