Home Highlights July 2016 Year 2016 This

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1. Confiscation of the imported goods - used hand tools - "Capital Goods" or not as per para-9.12 of Foreign Trade Policy - appellant did not have licence to import such...

2. Import of Second hand goods without licence - Confiscation of goods – Redemption fine – Commissioner (Appeals) reduced the redemption fine/penalty - order of...

3. Import of old and used Buoyancy Tanks along with wire ropes, shackles chain blocks and hydraulic pumps - appellant is not required to obtain any licence - there cannot...

4. Doctrine of promissory estoppel - Claiming benefit as per the old exim policy - new exim policy does not grant such benefit - when the new Exim Policy 1990-93 is held to...

5. Import of video cassette blanks - the goods are correctly classifiable under Exim Code No.852390 03.20 and as such freely importable - AT

6. Availment of exemption under Advance License Scheme - Classification of imported goods - goods imported by the appellant qualifies as crude iodine, hence eligible for...

7. Restriction on Import of second hand goods - import of second hand video cameras - According to the appellant, the imported goods would fall within the definition of...

8. Exim Bank's Line of Credit (LOC) of USD 20 million to Nigerian Export-Import Bank - Circular

9. Confiscation of goods - redemption fine and penalty - Import of second hand Cannon MFD (Digital Multifunctional devices) printers - in view the fact that the Chartered...

10. Import of old and used parts of plate leveler machines - requirement of possession of valid licence for import - The goods are admittedly of ‘1942 vintage’ and it is...