https://www.taxtmi.com/caselaws?id=260069 Conditional customs and excise exemptions become unavailable when the prescribed export or compliance obligations are not fulfilled, making the duty foregone recoverable even if later debonding or cancellation of the letter of permission is pleaded. The later notifications do not govern earlier clearances, and partial exports do not cure failure of the original exemption conditions. Breach of those conditions also exposes the goods to confiscation and supports penalties under the customs and excise framework. However, where there is no clandestine removal or wilful suppression, the quantum of penalty may be moderated on the facts. en-us Tue, 05 May 2015 00:00:00 +0530 Wed, 10 Feb 2016 18:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260069 Conditional customs and excise exemptions become unavailable when the prescribed export or compliance obligations are not fulfilled, making the duty foregone recoverable even if later debonding or cancellation of the letter of permission is pleaded. The later notifications do not govern earlier clearances, and partial exports do not cure failure of the original exemption conditions. Breach of those conditions also exposes the goods to confiscation and supports penalties under the customs and excise framework. However, where there is no clandestine removal or wilful suppression, the quantum of penalty may be moderated on the facts. Case-Laws Customs Tue, 05 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260069