https://www.taxtmi.com/caselaws?id=380455 The Appellate Tribunal CESTAT Bangalore upheld the Commissioner (Appeals) decision to drop the penalty and confiscation imposed under the Customs Act, 1962. The case involved an appeal concerning the import of Gear Sets claiming duty exemption for re-export after repair. The Tribunal found that the delay in re-export was due to technical issues, not an attempt to evade duty payment, leading to the decision to set aside the penalty and confiscation. The Tribunal emphasized compliance with duty exemption conditions and the absence of mens rea to support its conclusion, ultimately dismissing the Revenue's appeal. en-us Fri, 17 May 2019 00:00:00 +0530 Wed, 22 May 2019 07:20:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380455 The Appellate Tribunal CESTAT Bangalore upheld the Commissioner (Appeals) decision to drop the penalty and confiscation imposed under the Customs Act, 1962. The case involved an appeal concerning the import of Gear Sets claiming duty exemption for re-export after repair. The Tribunal found that the delay in re-export was due to technical issues, not an attempt to evade duty payment, leading to the decision to set aside the penalty and confiscation. The Tribunal emphasized compliance with duty exemption conditions and the absence of mens rea to support its conclusion, ultimately dismissing the Revenue's appeal. Case-Laws Customs Fri, 17 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380455