https://www.taxtmi.com/caselaws?id=343631 Imported goods brought in under the concessional-duty scheme and later re-exported without use were treated as having been taken out of the import stream, so the accounting and recovery mechanism under Rule 8 of the Customs (Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 1966 was not attracted. The later insertion of Rule 7A, which permits re-export of unutilized imported goods, was treated as reflecting the same principle on the facts. As a result, the demand of duty, interest and penalty could not survive and the importer succeeded. en-us Tue, 11 Apr 2017 00:00:00 +0530 Fri, 09 Feb 2018 16:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343631 Imported goods brought in under the concessional-duty scheme and later re-exported without use were treated as having been taken out of the import stream, so the accounting and recovery mechanism under Rule 8 of the Customs (Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 1966 was not attracted. The later insertion of Rule 7A, which permits re-export of unutilized imported goods, was treated as reflecting the same principle on the facts. As a result, the demand of duty, interest and penalty could not survive and the importer succeeded. Case-Laws Customs Tue, 11 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343631