1993 (6) TMI 65

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....ution, the petitioners are challenging order dated August 27, 1983 passed by Additional Collector of Customs, Bombay directing confiscation of the goods in exercise of powers conferred under Section 111(d) of the Customs Act r/w Section 3 of the Imports and Exports (Control) Act, 1947. The Additional Collector gave an option to the petitioners to pay a fine of Rs. 2,25,000/- in lieu of confiscatio....

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....l 1983. Only few facts are required to be stated to appreciate the claim of the petitioners. The petitioners had secured additional licence on January 21, 1983 and in pursuance of this licence were entitled to import certain articles permitted by the Import and Export Policy for the year 1982-83. The petitioners opened letter of credit and registered a firm order. The policy of 1982-83 was to expi....