https://www.taxtmi.com/caselaws?id=356587 Replenishment gold under the Foreign Trade Policy was considered in relation to export of gold jewellery and the conditions for release under paragraphs 4.32 and 4.33, as amended by paragraph 4.34(i). The court accepted that, on the facts, the authorities need not insist on a fixed deposit or bank guarantee where the exporter executed an indemnity bond protecting the nominated agency against claims by competent authorities. The operative effect was that the replenishment gold was to be released on execution of the indemnity bond, reflecting a fact-specific substitution of security under the Policy framework. en-us Tue, 20 Feb 2018 00:00:00 +0530 Thu, 08 Mar 2018 07:03:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356587 Replenishment gold under the Foreign Trade Policy was considered in relation to export of gold jewellery and the conditions for release under paragraphs 4.32 and 4.33, as amended by paragraph 4.34(i). The court accepted that, on the facts, the authorities need not insist on a fixed deposit or bank guarantee where the exporter executed an indemnity bond protecting the nominated agency against claims by competent authorities. The operative effect was that the replenishment gold was to be released on execution of the indemnity bond, reflecting a fact-specific substitution of security under the Policy framework. Case-Laws Customs Tue, 20 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356587