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2011 (4) TMI 94 - HC - CustomsIssuance of licence to import marble blocks - import quota - The firm had submitted different information in the statement of accounts filed with the Income Tax and ROC with difference in turn over as is apparent from a scrutiny of the same - Submitting different figures of turnover on two occasions - Tokan penalty of Rs. 1 Lakh is imposed on the firm - petition deposited the penalty under protest - Held that: The petitioner has been penalised by imposing costs of Rs. 1 lakh for the discrepancy which really has no bearing on the merits of the case - The DGFT was not justified in rejecting the petitioner’s application for issuance of licence - Hence the respondents are directed to grant the licence for import of marble blocks
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