https://www.taxtmi.com/caselaws?id=53929 The Tribunal upheld the confiscation of goods under Section 111 of the Customs Act due to the breach of the EXIM Policy restriction. The Commissioner's decision to impose a redemption fine of Rs. 2 lakhs was deemed fair, considering the value of the machines and duty paid. Despite the absence of a specific license for importing after the policy date, the Commissioner refrained from penalizing the importer, noting the lack of evidence implicating them in the manipulation of the Bill of Lading. The Tribunal rejected the appeal and affirmed the Commissioner's balanced approach in not imposing a penalty for the breach of import regulations. en-us Mon, 31 Jan 2005 00:00:00 +0530 Sat, 16 Oct 2010 10:10:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53929 The Tribunal upheld the confiscation of goods under Section 111 of the Customs Act due to the breach of the EXIM Policy restriction. The Commissioner's decision to impose a redemption fine of Rs. 2 lakhs was deemed fair, considering the value of the machines and duty paid. Despite the absence of a specific license for importing after the policy date, the Commissioner refrained from penalizing the importer, noting the lack of evidence implicating them in the manipulation of the Bill of Lading. The Tribunal rejected the appeal and affirmed the Commissioner's balanced approach in not imposing a penalty for the breach of import regulations. Case-Laws Customs Mon, 31 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53929