Redemption fine and penalty justified as FTP condition to import Light Oil not satisfied

M M Trading Company Vs C.C.-Mundra (CESTAT Ahmedabad)

CESTAT Ahmedabad held that goods imported are classifiable under tariff heading 27101290 which are allowed to be imported only through State Trading Enterprises (STE), as per the Foreign Trade Policy (FTP) condition 5 of chapter 27. Redemption fine and penalty justified as condition of the policy for importing goods not satisfied.

Facts- The appellant filed BOE for clearance of 198.32 Mts of “Indu

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