https://www.taxtmi.com/caselaws?id=42774 Warehoused photographic films imported under Open General Licence were treated as re-exportable goods because they were not shown to be prohibited goods and the Customs Act permitted export once the prescribed bill of export was filed, charges were paid, and clearance for export was ordered. The Court found no legal basis to deny re-export merely because the goods had been imported for home consumption or stock and sale, and noted that the statutory framework safeguarded export-value realisation. Re-export without payment of duty was therefore permitted subject to Section 69(1) of the Customs Act, 1962, and an undertaking was accepted in place of a bank guarantee. en-us Fri, 20 Oct 1989 00:00:00 +0530 Mon, 14 Jun 2010 12:05:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=42774 Warehoused photographic films imported under Open General Licence were treated as re-exportable goods because they were not shown to be prohibited goods and the Customs Act permitted export once the prescribed bill of export was filed, charges were paid, and clearance for export was ordered. The Court found no legal basis to deny re-export merely because the goods had been imported for home consumption or stock and sale, and noted that the statutory framework safeguarded export-value realisation. Re-export without payment of duty was therefore permitted subject to Section 69(1) of the Customs Act, 1962, and an undertaking was accepted in place of a bank guarantee. Case-Laws Customs Fri, 20 Oct 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=42774