https://www.taxtmi.com/caselaws?id=441581 The Tribunal allowed the appeal, ruling in favor of the Appellant. The Customs officials' deviation from the requirements of Notification No. 27/2008-Cus regarding the security deposit invalidated the benefit intended. The Appellant's valid reasons for the delay in re-export were accepted. Interest was deemed inapplicable when the full duty amount was secured upon import. Consequently, the imposed interest, penalty, confiscation, and redemption fine were set aside, with amounts paid for interest and penalty eligible for refund with statutory interest. en-us Tue, 01 Aug 2023 00:00:00 +0530 Fri, 11 Aug 2023 10:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441581 The Tribunal allowed the appeal, ruling in favor of the Appellant. The Customs officials' deviation from the requirements of Notification No. 27/2008-Cus regarding the security deposit invalidated the benefit intended. The Appellant's valid reasons for the delay in re-export were accepted. Interest was deemed inapplicable when the full duty amount was secured upon import. Consequently, the imposed interest, penalty, confiscation, and redemption fine were set aside, with amounts paid for interest and penalty eligible for refund with statutory interest. Case-Laws Customs Tue, 01 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441581