https://www.taxtmi.com/caselaws?id=99137 The Appellate Tribunal upheld the decision denying duty-free clearance under Section 20 of the Customs Act, 1962 for goods exported under bond and returned for reconditioning. The Tribunal determined that the term "bond" in Section 20 includes both Customs and Central Excise bonds, leading to the conclusion that duty was correctly charged upon reimportation to prevent duty evasion. The decision was based on previous rulings from the Delhi and Mumbai Benches of the Tribunal, affirming that goods re-imported are liable to Customs duty, countervailing duty, and restrictions under the Exim Policy. en-us Fri, 11 Aug 2000 00:00:00 +0530 Wed, 25 Jan 2012 12:50:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99137 The Appellate Tribunal upheld the decision denying duty-free clearance under Section 20 of the Customs Act, 1962 for goods exported under bond and returned for reconditioning. The Tribunal determined that the term "bond" in Section 20 includes both Customs and Central Excise bonds, leading to the conclusion that duty was correctly charged upon reimportation to prevent duty evasion. The decision was based on previous rulings from the Delhi and Mumbai Benches of the Tribunal, affirming that goods re-imported are liable to Customs duty, countervailing duty, and restrictions under the Exim Policy. Case-Laws Customs Fri, 11 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99137