https://www.taxtmi.com/caselaws?id=290389 Imported flexitanks under Notification No. 104/94-Cus. were subject to a strict exemption condition requiring the importer to process the goods and re-export them in terms of the bond executed at import. Where the importer did not itself undertake the processing or re-export, and a third party performed those steps instead, the basic conditions of the notification were not satisfied. On that basis, breach of the bond condition defeats the claim to exemption, and the benefit cannot be retained unless all prescribed conditions are complied with. en-us Tue, 03 Jan 2017 00:00:00 +0530 Wed, 23 Sep 2020 18:16:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290389 Imported flexitanks under Notification No. 104/94-Cus. were subject to a strict exemption condition requiring the importer to process the goods and re-export them in terms of the bond executed at import. Where the importer did not itself undertake the processing or re-export, and a third party performed those steps instead, the basic conditions of the notification were not satisfied. On that basis, breach of the bond condition defeats the claim to exemption, and the benefit cannot be retained unless all prescribed conditions are complied with. Case-Laws Customs Tue, 03 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290389