https://www.taxtmi.com/caselaws?id=122688 The Tribunal ruled in favor of the appellant in a customs duty recovery case concerning non-fulfillment of export obligations for imported capital goods under the EXIM Policy 1997-2002. The Tribunal held that the Customs Commissioner could not confirm demands prematurely while the goods were in customs bond-house and the export obligation time had not expired. The decision emphasized the importance of following the EXIM Policy and Notifications, instructing the Original Authority to wait for the lapse of time and consider only the fulfillment of the export obligation before initiating further proceedings. en-us Tue, 24 Jul 2007 00:00:00 +0530 Thu, 16 Aug 2012 15:22:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122688 The Tribunal ruled in favor of the appellant in a customs duty recovery case concerning non-fulfillment of export obligations for imported capital goods under the EXIM Policy 1997-2002. The Tribunal held that the Customs Commissioner could not confirm demands prematurely while the goods were in customs bond-house and the export obligation time had not expired. The decision emphasized the importance of following the EXIM Policy and Notifications, instructing the Original Authority to wait for the lapse of time and consider only the fulfillment of the export obligation before initiating further proceedings. Case-Laws Customs Tue, 24 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122688