https://www.taxtmi.com/caselaws?id=446641 CESTAT New Delhi upheld customs authorities' conditions for provisional release of seized export goods found to be mis-declared. The appellant falsely described goods as "Whey Flour Powder" to claim 10% FOB value benefit under MEIS, when they were actually "Maida" (not covered under the scheme). The appellant also over-valued the goods. The tribunal ruled that provisional release is not an absolute right and authorities can impose reasonable conditions including bond equivalent to goods' value plus appropriate security for redemption fine and penalty. The appellant's reliance on Circular 17/2009 was misplaced as it applied to different export promotion schemes. Appeal dismissed. en-us Tue, 05 Dec 2023 00:00:00 +0530 Fri, 08 Dec 2023 14:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446641 CESTAT New Delhi upheld customs authorities' conditions for provisional release of seized export goods found to be mis-declared. The appellant falsely described goods as "Whey Flour Powder" to claim 10% FOB value benefit under MEIS, when they were actually "Maida" (not covered under the scheme). The appellant also over-valued the goods. The tribunal ruled that provisional release is not an absolute right and authorities can impose reasonable conditions including bond equivalent to goods' value plus appropriate security for redemption fine and penalty. The appellant's reliance on Circular 17/2009 was misplaced as it applied to different export promotion schemes. Appeal dismissed. Case-Laws Customs Tue, 05 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446641