https://www.taxtmi.com/caselaws?id=214569 Duty-free imports by a 100% EOU trading unit, when disposed of through a route expressly permitted by the governing bond and clarificatory circular, do not give rise to customs duty liability. Where the goods were supplied against valid advance licences or other specific duty-free entitlements in accordance with that permitted framework, the legal basis for personal penalties on directors under Sections 112 and 117 of the Customs Act also fails. The directors' penalties were therefore held unsustainable and set aside. en-us Mon, 25 Jun 2012 00:00:00 +0530 Fri, 11 Jan 2013 13:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214569 Duty-free imports by a 100% EOU trading unit, when disposed of through a route expressly permitted by the governing bond and clarificatory circular, do not give rise to customs duty liability. Where the goods were supplied against valid advance licences or other specific duty-free entitlements in accordance with that permitted framework, the legal basis for personal penalties on directors under Sections 112 and 117 of the Customs Act also fails. The directors' penalties were therefore held unsustainable and set aside. Case-Laws Customs Mon, 25 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214569