https://www.taxtmi.com/caselaws?id=776542 The HC held that the goods were not prohibited under section 111(d) of the Customs Act, 1962, as the relevant rules pertain only to violations of licenses under the Foreign Trade Act, 1992. The Tribunal correctly found no basis for confiscation or penalty under section 112(a) since the goods were lawfully cleared claiming exemption under the relevant notification. Consequently, the HC dismissed the Revenue's appeals, ruling in favor of the assessee. en-us Wed, 30 Jul 2025 00:00:00 +0530 Wed, 13 Aug 2025 07:27:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776542 The HC held that the goods were not prohibited under section 111(d) of the Customs Act, 1962, as the relevant rules pertain only to violations of licenses under the Foreign Trade Act, 1992. The Tribunal correctly found no basis for confiscation or penalty under section 112(a) since the goods were lawfully cleared claiming exemption under the relevant notification. Consequently, the HC dismissed the Revenue's appeals, ruling in favor of the assessee. Case-Laws Customs Wed, 30 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776542