1993 (6) TMI 81

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..... ara 185 of the Import Policy 1982-83 subject to the conditions laid down. The import of beef tallow was canalised with effect from June 5, 1981 and from that date onward, beef tallow could not be imported against the licence secured by the petitioners. 2. The petitioners booked an order for importation of beef tallow in March 1983 and the Bill of Lading was issued on April 8, 1983. The imported .....

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..... ector is under challenge. 3. Shri Paranjape, learned counsel appearing on behalf of the petitioners, submitted that in view of the endorsement made on the licence providing that the licence will be valid for import of OGL items under Para 185 of Import Policy 1982-83, the order of the Collector is not sustainable. It is impossible to accede to the submission of the learned counsel. The import of .....

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..... ted that the fine of Rs. 13,00,000/- is excessive and should be suitably reduced. It is not permissible to do so in exercise of writ jurisdiction. The petitioners are not entitled to any relief and the petition must fail. It is open for the department to enforce the bank guarantee or recover the amount from the petitioners. 4. Accordingly, rule is discharged with costs. - - TaxTMI - TMITax - .....

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