https://www.taxtmi.com/caselaws?id=170597 On a plain and harmonious reading of the Customs Act, 1962 and Notification No. 94/96-Cus., the amount recovered from an exporter on re-import was treated as customs duty paid on importation where the goods had earlier been exported under drawback. That recovered amount therefore fell within Section 74(1), entitling the importer to drawback at 98% of the duty paid back on re-import. The notification was construed as exempting only the duty in excess of the amount specified in its table, and the interpretation was reinforced by the Board's clarification and the requirement that the statutory text and circulars be applied as written. en-us Tue, 18 May 2010 00:00:00 +0530 Wed, 03 Jun 2015 13:00:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170597 On a plain and harmonious reading of the Customs Act, 1962 and Notification No. 94/96-Cus., the amount recovered from an exporter on re-import was treated as customs duty paid on importation where the goods had earlier been exported under drawback. That recovered amount therefore fell within Section 74(1), entitling the importer to drawback at 98% of the duty paid back on re-import. The notification was construed as exempting only the duty in excess of the amount specified in its table, and the interpretation was reinforced by the Board's clarification and the requirement that the statutory text and circulars be applied as written. Case-Laws Customs Tue, 18 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170597