https://www.taxtmi.com/caselaws?id=467882 Urea imported through a State Trading Enterprise on a high seas sale basis was held not to be an impermissible import merely because the Indian buyer was the importer of record. The Tribunal applied earlier orders and treated the issue as no longer res integra, finding that such imports were in accordance with the prevailing import policy. As the transaction was not unlawful on that basis, the ingredients for penalty under the Customs Act were not established. The penalty under Section 112(a)(i) was therefore set aside. en-us Tue, 28 Mar 2023 00:00:00 +0530 Wed, 08 Apr 2026 14:39:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467882 Urea imported through a State Trading Enterprise on a high seas sale basis was held not to be an impermissible import merely because the Indian buyer was the importer of record. The Tribunal applied earlier orders and treated the issue as no longer res integra, finding that such imports were in accordance with the prevailing import policy. As the transaction was not unlawful on that basis, the ingredients for penalty under the Customs Act were not established. The penalty under Section 112(a)(i) was therefore set aside. Case-Laws Customs Tue, 28 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467882