2019 (2) TMI 1765

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..... contracted for before the notification prescribing a threshold for free importability of artificial marble slabs came into force - the licensing restrictions were applicable only to goods that had been contracted, and paid for, after the said notification came into force. Appeal allowed. - C/325/2011 - Final Order No. A/86347/2019-WZB - Dated:- 26-2-2019 - Shri C.J. Mathew, Member (T) .....

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..... oods were confiscated but offered for redemption on payment of fine of ₹ 3,50,000/- and penalty of ₹ 1,50,000/- imposed besides enhancing the assessable value from ₹ 4,39,810/- to ₹ 14,66,035/-. The impugned order has, while upholding the order of the original authority, reduced the redemption fine to ₹ 2,50,000/- and penalty to ₹ 1,00,000/-. 2. We have .....

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..... November, 2008 and the Notification No. 41(RE-2008)/2004-09 for import of artificial marble slabs was effective from 18th September, 2008. It is contended by Learned Counsel that the remittance was made as early as 12th August, 2008, that the proforma invoice, as well as the sales contract requiring 100% payment in advance, was dated 4th August, 2008 and that the goods themselves were shipped o .....

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