https://www.taxtmi.com/caselaws?id=3264 The Tribunal upheld the duty demand under Section 28 of the Customs Act, 1962, on the appellant for non-utilization of imported goods for export, despite the appellant's argument of time-bar. The Tribunal set aside the redemption fine and penalty imposed by the lower authority, stating that once duty was adjusted through a bank guarantee, there was no basis for additional penalties. The appellant was directed to pay the differential amount and interest until the bank guarantee encashment date, confirming duty payment and rejecting the fine and penalty imposition. en-us Wed, 22 Aug 2007 00:00:00 +0530 Wed, 16 Apr 2008 17:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3264 The Tribunal upheld the duty demand under Section 28 of the Customs Act, 1962, on the appellant for non-utilization of imported goods for export, despite the appellant's argument of time-bar. The Tribunal set aside the redemption fine and penalty imposed by the lower authority, stating that once duty was adjusted through a bank guarantee, there was no basis for additional penalties. The appellant was directed to pay the differential amount and interest until the bank guarantee encashment date, confirming duty payment and rejecting the fine and penalty imposition. Case-Laws Customs Wed, 22 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3264