https://www.taxtmi.com/caselaws?id=402560 Duty foregone on imported inputs under Notification No. 52/2003-Cus was recoverable because the proviso required reversal where the finished goods cleared into the domestic market were themselves eligible for nil customs duty and nil additional duty. The demand on the imported inputs was therefore sustained, and the contention that only excise duty on the finished goods could be demanded was rejected. However, confiscation, redemption fine and penalty were not justified once the goods had already been cleared and were not physically available, since the lapse was only a duty-reversal default and recovery of duty with interest was the proper consequence. en-us Mon, 04 Jan 2021 00:00:00 +0530 Tue, 02 Mar 2021 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402560 Duty foregone on imported inputs under Notification No. 52/2003-Cus was recoverable because the proviso required reversal where the finished goods cleared into the domestic market were themselves eligible for nil customs duty and nil additional duty. The demand on the imported inputs was therefore sustained, and the contention that only excise duty on the finished goods could be demanded was rejected. However, confiscation, redemption fine and penalty were not justified once the goods had already been cleared and were not physically available, since the lapse was only a duty-reversal default and recovery of duty with interest was the proper consequence. Case-Laws Customs Mon, 04 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402560