https://www.taxtmi.com/caselaws?id=345053 The Tribunal allowed the Revenue's appeal, setting aside the order and remanding the case for further assessment. It held that goods exported in violation of bond conditions could be liable for confiscation and fine under Section 125 of the Customs Act, 1962. Emphasizing the importance of upholding bond obligations, the Tribunal highlighted the consequences of diverting duty-free raw materials for unauthorized purposes. The matter was referred back to the Adjudicating Authority to determine the fine amount, following legal principles established by the Gujarat High Court. en-us Mon, 03 Jul 2017 00:00:00 +0530 Sat, 05 Aug 2017 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345053 The Tribunal allowed the Revenue's appeal, setting aside the order and remanding the case for further assessment. It held that goods exported in violation of bond conditions could be liable for confiscation and fine under Section 125 of the Customs Act, 1962. Emphasizing the importance of upholding bond obligations, the Tribunal highlighted the consequences of diverting duty-free raw materials for unauthorized purposes. The matter was referred back to the Adjudicating Authority to determine the fine amount, following legal principles established by the Gujarat High Court. Case-Laws Central Excise Mon, 03 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345053