https://www.taxtmi.com/caselaws?id=446640 An import exemption condition applies to the imported materials covered by the notification, not to finished products manufactured from those materials. Where the Foreign Trade Policy permits disposal of products made from duty-free inputs after fulfilment of the export obligation, customs duty, interest and penalty cannot be demanded on leftover processed goods by relying on a provision meant to regularise bona fide default. The notification breach alleged by Revenue was not established on the stated facts. en-us Tue, 05 Dec 2023 00:00:00 +0530 Thu, 07 Dec 2023 10:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446640 An import exemption condition applies to the imported materials covered by the notification, not to finished products manufactured from those materials. Where the Foreign Trade Policy permits disposal of products made from duty-free inputs after fulfilment of the export obligation, customs duty, interest and penalty cannot be demanded on leftover processed goods by relying on a provision meant to regularise bona fide default. The notification breach alleged by Revenue was not established on the stated facts. Case-Laws Customs Tue, 05 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446640