https://www.taxtmi.com/caselaws?id=47146 Paragraph 85(1)(i)(c) of the Import Trade Control Hand Book, 1969 was construed strictly, and the operative wording at the relevant time did not cover stainless steel strips. The later erratum could not retrospectively validate a penalty where the import arrangement had already been entered into before the correction was issued. On that construction, the goods were not prohibited on the relevant date and the penalty could not be sustained. The text applies the settled rule that fiscal restrictions must be interpreted narrowly and any ambiguity must be resolved in favour of the importer. en-us Fri, 07 Sep 1990 00:00:00 +0530 Mon, 13 Apr 2015 12:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47146 Paragraph 85(1)(i)(c) of the Import Trade Control Hand Book, 1969 was construed strictly, and the operative wording at the relevant time did not cover stainless steel strips. The later erratum could not retrospectively validate a penalty where the import arrangement had already been entered into before the correction was issued. On that construction, the goods were not prohibited on the relevant date and the penalty could not be sustained. The text applies the settled rule that fiscal restrictions must be interpreted narrowly and any ambiguity must be resolved in favour of the importer. Case-Laws Customs Fri, 07 Sep 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47146