https://www.taxtmi.com/caselaws?id=336275 Export rebate under central excise law was held independent of later non-realisation of export proceeds under foreign exchange law. Once goods were exported under bond and proof of export was accepted, the bond stood discharged. Because there was no allegation that the goods were diverted or re-imported into India, non-payment by the foreign buyer could not by itself justify recovery of the rebate or sustain the connected penalty. The document therefore treats export-proceed realisation as a separate compliance issue and not a basis for reopening duly completed rebate on exported goods. en-us Tue, 29 Nov 2016 00:00:00 +0530 Mon, 19 Dec 2016 00:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336275 Export rebate under central excise law was held independent of later non-realisation of export proceeds under foreign exchange law. Once goods were exported under bond and proof of export was accepted, the bond stood discharged. Because there was no allegation that the goods were diverted or re-imported into India, non-payment by the foreign buyer could not by itself justify recovery of the rebate or sustain the connected penalty. The document therefore treats export-proceed realisation as a separate compliance issue and not a basis for reopening duly completed rebate on exported goods. Case-Laws Central Excise Tue, 29 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336275