https://www.taxtmi.com/caselaws?id=388047 In the absence of a specific exemption for indigenously procured goods, duty was held payable under the STPI arrangement, and the appellant's liability was fastened only to the extent covered by the B17 bond executed to discharge duty and interest. The demand was not barred by limitation because the bond contemplated provisional assessment and payment on demand. Penalty was, however, set aside, as the clearances were made on the basis of official certificates and no mala fide conduct was shown. The appeal therefore succeeded only in restricting the demand to the bond amount and deleting the penalty, while the underlying duty liability was upheld. en-us Wed, 04 Sep 2019 00:00:00 +0530 Wed, 06 Nov 2019 16:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388047 In the absence of a specific exemption for indigenously procured goods, duty was held payable under the STPI arrangement, and the appellant's liability was fastened only to the extent covered by the B17 bond executed to discharge duty and interest. The demand was not barred by limitation because the bond contemplated provisional assessment and payment on demand. Penalty was, however, set aside, as the clearances were made on the basis of official certificates and no mala fide conduct was shown. The appeal therefore succeeded only in restricting the demand to the bond amount and deleting the penalty, while the underlying duty liability was upheld. Case-Laws Customs Wed, 04 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388047