https://www.taxtmi.com/caselaws?id=335121 Interest arising from breach of export obligation under an exemption-based import scheme was treated as recoverable from the date the duty liability arose, and the limitation defence was rejected. Where concessional imports are made subject to fulfilment of export conditions and backed by a bond, failure to satisfy those conditions does not defeat recovery of interest merely by pleading time-bar. The statutory scheme and the bond undertaking supported enforcement of the demand, and the demand was held valid and enforceable. en-us Tue, 30 Aug 2016 00:00:00 +0530 Sat, 26 Nov 2016 10:31:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335121 Interest arising from breach of export obligation under an exemption-based import scheme was treated as recoverable from the date the duty liability arose, and the limitation defence was rejected. Where concessional imports are made subject to fulfilment of export conditions and backed by a bond, failure to satisfy those conditions does not defeat recovery of interest merely by pleading time-bar. The statutory scheme and the bond undertaking supported enforcement of the demand, and the demand was held valid and enforceable. Case-Laws Customs Tue, 30 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335121