https://www.taxtmi.com/caselaws?id=336320 The Tribunal ruled in favor of the appellant, finding that the demand for duty was not time-barred despite the goods not being exported within the prescribed time under a bond. The Tribunal confirmed the duty demand with interest. However, it set aside the confiscation and penalty imposed on the appellant, noting that the delay in exporting the goods did not warrant such penalties. The appellant was directed to pursue eligibility for Drawback under Sec 74 of the Customs Act 1962 after fulfilling the duty payment. en-us Tue, 23 Aug 2016 00:00:00 +0530 Tue, 10 Jan 2017 11:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336320 The Tribunal ruled in favor of the appellant, finding that the demand for duty was not time-barred despite the goods not being exported within the prescribed time under a bond. The Tribunal confirmed the duty demand with interest. However, it set aside the confiscation and penalty imposed on the appellant, noting that the delay in exporting the goods did not warrant such penalties. The appellant was directed to pursue eligibility for Drawback under Sec 74 of the Customs Act 1962 after fulfilling the duty payment. Case-Laws Customs Tue, 23 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336320