https://www.taxtmi.com/caselaws?id=152721 Interest under the export-bond notification was attracted where goods cleared for export were not delivered to the merchant exporter, remained in transport custody, and were treated as diverted for home consumption on payment of duty. The unchallenged treatment of the goods as diverted triggered the condition in para 2(v)(b), so interest ran from the date of removal until duty payment. A later return of the goods to the factory and subsequent re-export did not nullify the earlier liability. The refund of interest was therefore not justified and the assessment demanding duty and interest was restored. en-us Tue, 16 Feb 2010 00:00:00 +0530 Tue, 09 Jul 2013 14:54:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152721 Interest under the export-bond notification was attracted where goods cleared for export were not delivered to the merchant exporter, remained in transport custody, and were treated as diverted for home consumption on payment of duty. The unchallenged treatment of the goods as diverted triggered the condition in para 2(v)(b), so interest ran from the date of removal until duty payment. A later return of the goods to the factory and subsequent re-export did not nullify the earlier liability. The refund of interest was therefore not justified and the assessment demanding duty and interest was restored. Case-Laws Central Excise Tue, 16 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152721