https://www.taxtmi.com/caselaws?id=51272 Goods imported under a licence issued by the competent DGFT authority to regularise an earlier import were not to be treated as restricted goods merely because a specific licence existed. Once the licensing authority granted the regularisation licence, the customs appellate authority could not disregard that licence or sit in judgment over its issuance. The view that the licence itself established the restricted character of the goods was found to have no legal basis, so confiscation under Section 111(d) of the Customs Act and the penalty order could not be sustained. en-us Tue, 30 Apr 2002 00:00:00 +0530 Thu, 23 Sep 2010 17:43:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51272 Goods imported under a licence issued by the competent DGFT authority to regularise an earlier import were not to be treated as restricted goods merely because a specific licence existed. Once the licensing authority granted the regularisation licence, the customs appellate authority could not disregard that licence or sit in judgment over its issuance. The view that the licence itself established the restricted character of the goods was found to have no legal basis, so confiscation under Section 111(d) of the Customs Act and the penalty order could not be sustained. Case-Laws Central Excise Tue, 30 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51272