https://www.taxtmi.com/caselaws?id=89896 The Tribunal upheld the lower authority's decision regarding the abandonment of goods under Section 23(2) of the Customs Act, stating that the provision does not apply post-clearance for home consumption. The demand of duty was deemed not time-barred under Section 28 due to the validity of the bond executed by the appellants. Duty on capital goods and raw materials was upheld, while the duty demand on finished goods was remanded for further consideration. The penalty of Rs. 1,00,000/- was set aside by the Tribunal, citing circumstances beyond the appellants' control. en-us Tue, 13 Oct 1998 00:00:00 +0530 Fri, 30 Sep 2011 13:20:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89896 The Tribunal upheld the lower authority's decision regarding the abandonment of goods under Section 23(2) of the Customs Act, stating that the provision does not apply post-clearance for home consumption. The demand of duty was deemed not time-barred under Section 28 due to the validity of the bond executed by the appellants. Duty on capital goods and raw materials was upheld, while the duty demand on finished goods was remanded for further consideration. The penalty of Rs. 1,00,000/- was set aside by the Tribunal, citing circumstances beyond the appellants' control. Case-Laws Customs Tue, 13 Oct 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89896