https://www.taxtmi.com/caselaws?id=184524 Contemporaneous customs laboratory testing of export samples was preferred over later factory samples and oral statements, leading to acceptance that acrylic material was used in the exported garbage bags. The notification benefit under Customs Notification No. 203/92 was denied because the exemption condition barred disposal of imported materials before full discharge of the export obligation and realisation of export proceeds. The imported acrylic scrap, off-cuts and photoframes were held undervalued on contemporaneous import data, sustaining misdeclaration, confiscation and duty demand. Valuation of the exported goods was remitted for reconsideration, and redemption fine and penalty were left for fresh determination, with separate penalties on the firm and partners not permitted. en-us Mon, 02 Nov 1998 00:00:00 +0530 Tue, 12 Jul 2016 10:50:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184524 Contemporaneous customs laboratory testing of export samples was preferred over later factory samples and oral statements, leading to acceptance that acrylic material was used in the exported garbage bags. The notification benefit under Customs Notification No. 203/92 was denied because the exemption condition barred disposal of imported materials before full discharge of the export obligation and realisation of export proceeds. The imported acrylic scrap, off-cuts and photoframes were held undervalued on contemporaneous import data, sustaining misdeclaration, confiscation and duty demand. Valuation of the exported goods was remitted for reconsideration, and redemption fine and penalty were left for fresh determination, with separate penalties on the firm and partners not permitted. Case-Laws Customs Mon, 02 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184524