https://www.taxtmi.com/caselaws?id=107322 The court upheld the duty demand and penalty on the applicants for failing to re-export printed poly bags within six months as per bond conditions. Despite the absence of a specific re-export requirement in the exemption Notification, the applicants voluntarily bound themselves to the obligation, leading to the duty and penalty imposition. The judge emphasized the binding nature of the contractual commitment undertaken by the applicants, directing a deposit of Rs. 75,000/- with waiver and stay granted upon compliance, excluding the penalty amount. en-us Wed, 20 Mar 2002 00:00:00 +0530 Wed, 21 Mar 2012 15:35:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107322 The court upheld the duty demand and penalty on the applicants for failing to re-export printed poly bags within six months as per bond conditions. Despite the absence of a specific re-export requirement in the exemption Notification, the applicants voluntarily bound themselves to the obligation, leading to the duty and penalty imposition. The judge emphasized the binding nature of the contractual commitment undertaken by the applicants, directing a deposit of Rs. 75,000/- with waiver and stay granted upon compliance, excluding the penalty amount. Case-Laws Customs Wed, 20 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107322