2005 (8) TMI 465

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....espondent. [Order]. - Vide his impugned order Commissioner of Customs as confiscated Tin Plates imported by the appellant with an option to them to redeem the same on payment of redemption fine of Rs. 2,50,000/- (Rupees Two Lakhs Fifty Thousand only, he has also imposed personal penalty of Rs. 50,000/- (Rupees Fifty Thousand only). 2. Brief facts on record are that the appellant entered i....

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....n was that if the price of the goods was below the floor price, the importer was required to produce a licence. Inasmuch as, the goods in question landed in India after the issuance of Notification in question and the bill of entry was filed on 22-3-1999, the Customs authorities entertained a view that the goods were not be cleared under Open General Licence and required a licence for import. Inas....

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.... was subsequently extended, the appellant cannot take shelter under the said provisions. [6]3.For better appreciation I reproduce para 1.5 of the Policy as below : "In case an export or import that is permitted freely under this Policy is subsequently subjected to an restriction or regulation, such export or import will ordinarily be permitted notwithstanding such restriction or regulation, ....