https://www.taxtmi.com/caselaws?id=213177 Duty-free inputs imported under advance licences were treated as required to be physically incorporated into the export product, and the customs exemption notifications were read with the Foreign Trade Policy on that basis. The policy wording and endorsement conditions indicated that the resultant product was intended for export, including where import occurred after fulfilment of the export obligation. A later policy provision allowing disposal of goods made from duty-free inputs was not treated as altering the notification conditions for the relevant period. On that construction, domestic clearance of the resultant product after availing exemption on the imported raw material was prima facie impermissible, and the Revenue established a case for stay. en-us Mon, 27 Jun 2011 00:00:00 +0530 Thu, 10 May 2012 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213177 Duty-free inputs imported under advance licences were treated as required to be physically incorporated into the export product, and the customs exemption notifications were read with the Foreign Trade Policy on that basis. The policy wording and endorsement conditions indicated that the resultant product was intended for export, including where import occurred after fulfilment of the export obligation. A later policy provision allowing disposal of goods made from duty-free inputs was not treated as altering the notification conditions for the relevant period. On that construction, domestic clearance of the resultant product after availing exemption on the imported raw material was prima facie impermissible, and the Revenue established a case for stay. Case-Laws Customs Mon, 27 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213177