https://www.taxtmi.com/caselaws?id=30319 Deemed export clearances are included when computing the 50% FOB value limit for Domestic Tariff Area clearances, and that inclusion keeps the waste and rejects cleared domestically within the permissible export-linked entitlement. Where bonded raw materials are used for authorised manufacture and there is no unauthorised removal or diversion, Section 72 of the Customs Act, 1962 does not justify a demand for customs duty, interest, or penalty on the raw materials or the resulting waste and rejects cleared in the domestic market. The departmental challenge therefore fails, and the demand and penal consequences are unsustainable. en-us Wed, 06 Feb 2008 00:00:00 +0530 Fri, 22 Aug 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30319 Deemed export clearances are included when computing the 50% FOB value limit for Domestic Tariff Area clearances, and that inclusion keeps the waste and rejects cleared domestically within the permissible export-linked entitlement. Where bonded raw materials are used for authorised manufacture and there is no unauthorised removal or diversion, Section 72 of the Customs Act, 1962 does not justify a demand for customs duty, interest, or penalty on the raw materials or the resulting waste and rejects cleared in the domestic market. The departmental challenge therefore fails, and the demand and penal consequences are unsustainable. Case-Laws Customs Wed, 06 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30319