https://www.taxtmi.com/caselaws?id=761764 The CESTAT Ahmedabad allowed the appellant's appeal regarding provisional release of imported goods meant for SEZ warehousing. The tribunal held that since the goods were imported for SEZ warehousing and intended for re-export, no customs or excise duties would apply regardless of alleged offences. Following precedents in Regal Impex and Lalkamal Enterprises, the tribunal found that SEZ operations are governed by both SEZ Act and Customs Act with officer oversight, making duty evasion unlikely. The tribunal permitted re-export upon execution of a bond for the goods' value without requiring bank guarantee or additional security, distinguishing revenue-cited cases as inapplicable to SEZ units. en-us Thu, 14 Nov 2024 00:00:00 +0530 Fri, 15 Nov 2024 11:42:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761764 The CESTAT Ahmedabad allowed the appellant's appeal regarding provisional release of imported goods meant for SEZ warehousing. The tribunal held that since the goods were imported for SEZ warehousing and intended for re-export, no customs or excise duties would apply regardless of alleged offences. Following precedents in Regal Impex and Lalkamal Enterprises, the tribunal found that SEZ operations are governed by both SEZ Act and Customs Act with officer oversight, making duty evasion unlikely. The tribunal permitted re-export upon execution of a bond for the goods' value without requiring bank guarantee or additional security, distinguishing revenue-cited cases as inapplicable to SEZ units. Case-Laws Customs Thu, 14 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761764