https://www.taxtmi.com/caselaws?id=356946 A later EXIM Policy amendment and circular introducing Bank Realisation Certificate production could not be applied to earlier imports or bond obligations where the pre-amended policy and governing circular did not require that condition. Because the bond terms were not shown to have been modified to include the later requirement, there was no basis to enforce the bond on that ground or sustain penalty. Duty demand and penalty founded on non-production of Bank Realisation Certificates were therefore unsustainable, and the appeals succeeded. en-us Tue, 13 Feb 2018 00:00:00 +0530 Tue, 12 Mar 2019 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356946 A later EXIM Policy amendment and circular introducing Bank Realisation Certificate production could not be applied to earlier imports or bond obligations where the pre-amended policy and governing circular did not require that condition. Because the bond terms were not shown to have been modified to include the later requirement, there was no basis to enforce the bond on that ground or sustain penalty. Duty demand and penalty founded on non-production of Bank Realisation Certificates were therefore unsustainable, and the appeals succeeded. Case-Laws Customs Tue, 13 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356946