Goods imported without valid licence liable to confiscation & redemption fine : SC

Brief facts

It has been held in case of Commissioner Of Customs (Import) V/s. M/S. Finacord Chemicals (P) Ltd. & Ors. it was held by supreme court that, In August, 1991, respondent herein imported  certain containers of  alcohol  under  the description  “Undenatured Ethyl Alcohol’ (Malt Spirit plus or minus 59.3% Vol.) from an  intermediary, M/s. Ravco International Ltd., England (hereinafter  referred  to  as  ‘RIL'(for short).  As per the Department, these imports were und

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