9911796707
TMI Blog2021 (4) TMI 774X X X X Extracts X X X X X X X X Extracts X X X X ..... e present case the importer had admitted that he does not have a license from DGFT in respect of the restricted goods which means that the said goods have been imported by the appellant in contravention of Section 111(d) of the Customs Act, 1962 and hence liable for confiscation. Further it is found that the goods being restricted cannot be imported without proper license issued by the DGFT and in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y the learned Commissioner has ordered for confiscation of goods and allowed the redemption on payment of fine of ₹ 7,00,000/- (Rupees Seven Lakhs only) and also imposed penalty of ₹ 3,00,000/- (Rupees Three Lakhs only) under Section 112 of the Customs Act, 1962. Briefly the facts of the present case are that the appellant is regularly importing food grains and cereals under IEC code N ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... orter the said goods after following the due process was ordered to be confiscated and was allowed to be redeemed subject to payment of fine of ₹ 7,00,000/- (Rupees Seven Lakhs only) under Section 125 of the Finance Act and penalty of ₹ 3,00,000/- (Rupees Three Lakhs only) under Section 112 of the Customs Act, 1962. The appellant has redeemed the goods after payment of redemption fine ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rt policy, in respect of RITC 0713 3110, the goods are restricted and subjected to the conditions of annual quota of 1.5 lakh MTs as per procedure notified by DGFT. Further I find that in the present case the importer had admitted that he does not have a license from DGFT in respect of the restricted goods which means that the said goods have been imported by the appellant in contravention of Sect ..... X X X X Extracts X X X X X X X X Extracts X X X X
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