https://www.taxtmi.com/caselaws?id=155189 Failure to fulfil an export obligation under an advance licence did not by itself exclude exemption benefits on home consumption clearance; duty for breach of a post-import condition had to be worked out at the rate applicable on the date of import, while also considering any exemption notification in force on the date of clearance. On the facts recorded, the imported materials had been used in manufacture and the conditions of Notification No. 72/93-Cus. were satisfied, so the exemption remained available. Interest on the duty demand was also to be recalculated at 15% under the revised policy rate, with the matter limited to recomputation of duty and interest. en-us Thu, 26 Nov 2009 00:00:00 +0530 Mon, 02 Sep 2013 11:43:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155189 Failure to fulfil an export obligation under an advance licence did not by itself exclude exemption benefits on home consumption clearance; duty for breach of a post-import condition had to be worked out at the rate applicable on the date of import, while also considering any exemption notification in force on the date of clearance. On the facts recorded, the imported materials had been used in manufacture and the conditions of Notification No. 72/93-Cus. were satisfied, so the exemption remained available. Interest on the duty demand was also to be recalculated at 15% under the revised policy rate, with the matter limited to recomputation of duty and interest. Case-Laws Customs Thu, 26 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155189