1990 (8) TMI 144 - SUPREME COURT

Whether penalty or fine be reduced?

Held that:- The import of fully assembled copiers was prohibited. The appellants was only entitled to import 62% of the components. As already mentioned above, the device adopted by the appellant in the present case was a complete fraud on the Import Policy and the appellant was doing indirectly what he was not permitted to do directly.

This is a case where the appellant had not only violated the terms and conditions of the licence but also committed a fraud on the Import Policy itself. Thus we find no ground or justification to reduce the penalty or fine. Appeal dismissed.