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2016 (10) TMI 903 - AT - CustomsEnhancement of value - import of rough marble blocks from Italy - valid import license to cover the consignment - Held that: - appellants imported goods which are restricted item for which the import license is required. As admittedly, the appellant had not produced any license to cover the present imports, there is admittedly contravention of law. The appellants have explained that they are regular importer for which purpose they have the license and the present import has taken place without the license on account of calculation of quantity mistake. However, the fact remains that there are no valid license covering the present import. As such, we hold that confiscation on the said count is valid. In view of the peculiar facts and circumstances of the case leading to imports being without license, the appellants are given an option to redeem the same on payment of Redemption Fine of ₹ 8 lakhs. Similarly, for the above reason, penalty is also reduced to ₹ 5,00,000/- - appeal disposed off - decided against appellant.
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