https://www.taxtmi.com/caselaws?id=213023 The Appellate Authority upheld the penalty and suspension of the Importer Exporter Code imposed by the Adjudicating Authority under the SEZ Act. The petitioner Company was allowed to re-export goods under specific conditions, including furnishing a bond for asset security. Disputes arose over the requirement of an NOC from SBI for bond execution, leading to further applications and clarifications. The court directed measures to ensure recovery of amounts due, restrict financial facilities, and enforce compliance with re-export rules. The judgment aimed to facilitate re-export, protect the petitioner, and emphasize adherence to legal obligations. en-us Wed, 02 May 2012 00:00:00 +0530 Fri, 04 May 2012 14:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213023 The Appellate Authority upheld the penalty and suspension of the Importer Exporter Code imposed by the Adjudicating Authority under the SEZ Act. The petitioner Company was allowed to re-export goods under specific conditions, including furnishing a bond for asset security. Disputes arose over the requirement of an NOC from SBI for bond execution, leading to further applications and clarifications. The court directed measures to ensure recovery of amounts due, restrict financial facilities, and enforce compliance with re-export rules. The judgment aimed to facilitate re-export, protect the petitioner, and emphasize adherence to legal obligations. Case-Laws Customs Wed, 02 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213023