https://www.taxtmi.com/caselaws?id=471780 Bona fide reliance on an earlier, Revenue-accepted appellate determination classifying imports under Chapter 29 and dispensing with registration under the Insecticides Act, 1968 negates mala fide conduct and does not justify penalty. Confiscation and consequential redemption fine require goods to be available for confiscation. Where goods were cleared without seizure or detention and were not provisionally released against a bond or bank guarantee, no basis exists for confiscation or redemption fine. Penal and confiscatory consequences are therefore unsustainable in these circumstances. en-us Fri, 29 Dec 2017 00:00:00 +0530 Thu, 17 Sep 2026 14:53:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471780 Bona fide reliance on an earlier, Revenue-accepted appellate determination classifying imports under Chapter 29 and dispensing with registration under the Insecticides Act, 1968 negates mala fide conduct and does not justify penalty. Confiscation and consequential redemption fine require goods to be available for confiscation. Where goods were cleared without seizure or detention and were not provisionally released against a bond or bank guarantee, no basis exists for confiscation or redemption fine. Penal and confiscatory consequences are therefore unsustainable in these circumstances. Case-Laws Customs Fri, 29 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471780