https://www.taxtmi.com/caselaws?id=403035 Writing off duty-free imported goods in the books of account, while the goods remain in the importer's custody, does not amount to "disposal" under Notification No. 30/97-Cus where the export obligation has been fulfilled and there is no diversion, sale or transfer of the materials. The Karnataka HC held that the notification's condition was not breached merely because obsolete unutilised components were written off after closure of the relevant division. On that basis, confiscation under Section 111(o) and penalty under Section 112(a) of the Customs Act were not sustainable. en-us Wed, 06 Jan 2021 00:00:00 +0530 Fri, 28 May 2021 11:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403035 Writing off duty-free imported goods in the books of account, while the goods remain in the importer's custody, does not amount to "disposal" under Notification No. 30/97-Cus where the export obligation has been fulfilled and there is no diversion, sale or transfer of the materials. The Karnataka HC held that the notification's condition was not breached merely because obsolete unutilised components were written off after closure of the relevant division. On that basis, confiscation under Section 111(o) and penalty under Section 112(a) of the Customs Act were not sustainable. Case-Laws Customs Wed, 06 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403035