https://www.taxtmi.com/caselaws?id=117958 The tribunal dismissed the appeal, holding MMTC liable for the customs duty on the gold loaned to BRGL due to the failure to fulfill the export obligation. The bond executed by MMTC under Notification No. 177/94-Cus. was deemed valid and enforceable, and MMTC's liability under Section 59(3) of the Customs Act remained. The Commissioner's calculation of customs duty at Rs. 84,18,550/- was upheld. en-us Wed, 01 Mar 2006 00:00:00 +0530 Wed, 27 Jun 2012 15:46:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117958 The tribunal dismissed the appeal, holding MMTC liable for the customs duty on the gold loaned to BRGL due to the failure to fulfill the export obligation. The bond executed by MMTC under Notification No. 177/94-Cus. was deemed valid and enforceable, and MMTC's liability under Section 59(3) of the Customs Act remained. The Commissioner's calculation of customs duty at Rs. 84,18,550/- was upheld. Case-Laws Customs Wed, 01 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117958