https://www.taxtmi.com/caselaws?id=428013 The court upheld the appellate authority's decision in a case involving a challenge to the recovery of duty drawback and penalty for non-compliance with conditions under Section 129E of the Customs Act, 1962. The petitioner's failure to remit the statutory pre-deposit led to the dismissal of their appeal. The court rejected the petitioner's argument that duty drawback is exempt from the deposit requirement, emphasizing that drawback is a refund of duty subject to specific conditions. The judgment clarified the legal distinction between duty and drawback, ultimately affirming the recovery of duty drawback and penalty due to non-compliance. en-us Tue, 12 Jul 2022 00:00:00 +0530 Thu, 22 Sep 2022 07:40:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428013 The court upheld the appellate authority's decision in a case involving a challenge to the recovery of duty drawback and penalty for non-compliance with conditions under Section 129E of the Customs Act, 1962. The petitioner's failure to remit the statutory pre-deposit led to the dismissal of their appeal. The court rejected the petitioner's argument that duty drawback is exempt from the deposit requirement, emphasizing that drawback is a refund of duty subject to specific conditions. The judgment clarified the legal distinction between duty and drawback, ultimately affirming the recovery of duty drawback and penalty due to non-compliance. Case-Laws Customs Tue, 12 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428013