https://www.taxtmi.com/caselaws?id=356946 The Tribunal set aside the Order-in-Appeal, ruling in favor of the appellant, a Government undertaking, in a case concerning the enforcement of bonds for duty liability and penalties for non-compliance with Policy provisions. The dispute arose over the requirement of producing Bank Realisation certificate (BRC) for jewellery exports, with the Revenue arguing for retrospective application of a circular. The Tribunal held that the BRC requirement was introduced post-amendment and not applicable to bonds executed earlier, rejecting the retrospective enforcement of bond conditions and penalties. The judgment emphasized aligning enforcement actions with relevant provisions in force at the time of import. 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 The Tribunal set aside the Order-in-Appeal, ruling in favor of the appellant, a Government undertaking, in a case concerning the enforcement of bonds for duty liability and penalties for non-compliance with Policy provisions. The dispute arose over the requirement of producing Bank Realisation certificate (BRC) for jewellery exports, with the Revenue arguing for retrospective application of a circular. The Tribunal held that the BRC requirement was introduced post-amendment and not applicable to bonds executed earlier, rejecting the retrospective enforcement of bond conditions and penalties. The judgment emphasized aligning enforcement actions with relevant provisions in force at the time of import. Case-Laws Customs Tue, 13 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356946