https://www.taxtmi.com/caselaws?id=262139 Customs exemption notifications must be strictly complied with, and compliance with an import licence or DGFT amendment under the EXIM Policy does not by itself satisfy the independent conditions attached to the exemption. Here, duty-free import was denied because the imported raw materials were used domestically and the resultant goods were not exported by the importer as required; exports through third parties could not cure that breach. On interest and penalty, the Court treated the special facts and DGFT amendment as mitigating circumstances, reduced interest to 9% per annum, and set aside the penalty. en-us Fri, 31 Jul 2015 00:00:00 +0530 Sat, 03 Oct 2015 15:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262139 Customs exemption notifications must be strictly complied with, and compliance with an import licence or DGFT amendment under the EXIM Policy does not by itself satisfy the independent conditions attached to the exemption. Here, duty-free import was denied because the imported raw materials were used domestically and the resultant goods were not exported by the importer as required; exports through third parties could not cure that breach. On interest and penalty, the Court treated the special facts and DGFT amendment as mitigating circumstances, reduced interest to 9% per annum, and set aside the penalty. Case-Laws Customs Fri, 31 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262139