https://www.taxtmi.com/caselaws?id=47397 Almonds imported under an REP licence endorsement for "seeds" were held not to qualify as seeds for germination or plantation, so the import fell outside the licence entitlement and confiscation was justified. On the quantum of relief, the Court followed an earlier identical Bombay High Court decision, affirmed by the Supreme Court, and reduced both the redemption fine and personal penalty to 50% on parity of facts. The excess amount already deposited was held refundable, leaving the challenge unsuccessful on confiscation but partly successful on reduction of fiscal liability. en-us Thu, 17 Feb 2005 00:00:00 +0530 Wed, 28 Jul 2010 15:38:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47397 Almonds imported under an REP licence endorsement for "seeds" were held not to qualify as seeds for germination or plantation, so the import fell outside the licence entitlement and confiscation was justified. On the quantum of relief, the Court followed an earlier identical Bombay High Court decision, affirmed by the Supreme Court, and reduced both the redemption fine and personal penalty to 50% on parity of facts. The excess amount already deposited was held refundable, leaving the challenge unsuccessful on confiscation but partly successful on reduction of fiscal liability. Case-Laws Customs Thu, 17 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47397