https://www.taxtmi.com/article/detailed?id=1404 Encashment of bank guarantees by the Department, when invoked by the authority and not at the instance of the importer, is not a voluntary payment of duty. Breach of conditional exemptions, such as failure to discharge an export obligation, renders goods liable to confiscation and exposes the importer to statutory demand for duty and imposition of penalty; recovery by guarantee does not by itself preclude adjudication or penalty. en-us Sun, 28 Aug 2011 17:36:19 +0530 Sun, 28 Aug 2011 17:36:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1404 Encashment of bank guarantees by the Department, when invoked by the authority and not at the instance of the importer, is not a voluntary payment of duty. Breach of conditional exemptions, such as failure to discharge an export obligation, renders goods liable to confiscation and exposes the importer to statutory demand for duty and imposition of penalty; recovery by guarantee does not by itself preclude adjudication or penalty. Articles Customs - Import - Export - SEZ Sun, 28 Aug 2011 17:36:19 +0530 https://www.taxtmi.com/article/detailed?id=1404