https://www.taxtmi.com/caselaws?id=220371 The case involved a dispute over bond requirements for goods stored in a duty free shop and warehouse. The respondent stored duty free goods in a warehouse and transferred them to the duty free shop. The revenue argued for maintaining the bond until goods are sold, but the lower authority ruled in favor of the respondent, stating no fresh bond was needed as the duty free shop was also bonded. The appellate tribunal upheld this decision, emphasizing that the duty free shop license terms were met, and no separate bonds for stored and sold goods were necessary. The appeal by the revenue was dismissed. en-us Wed, 21 Nov 2012 00:00:00 +0530 Sat, 30 Aug 2014 10:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220371 The case involved a dispute over bond requirements for goods stored in a duty free shop and warehouse. The respondent stored duty free goods in a warehouse and transferred them to the duty free shop. The revenue argued for maintaining the bond until goods are sold, but the lower authority ruled in favor of the respondent, stating no fresh bond was needed as the duty free shop was also bonded. The appellate tribunal upheld this decision, emphasizing that the duty free shop license terms were met, and no separate bonds for stored and sold goods were necessary. The appeal by the revenue was dismissed. Case-Laws Customs Wed, 21 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220371