Import License Lapse: Rs. 5 Lakh Redemption Fine Imposed for Confiscated Used Tyres Without Proper Documentation.

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....Confiscation of imported used tyres - imposition of redemption fine and penalty - Considering the fact that the goods are not prohibited to import, the redemption fine of Rs.5 lakhs is considered reasonable for the omission on the part of appellant to produce valid import license for clearing the goods - AT....