https://www.taxtmi.com/caselaws?id=45976 Goods exported for an approved overseas project with a pre-existing plan for reimport were held to fall within the customs exemption regime for reimported project goods, so customs duty on reimport was not justified. The Court also held that an excise bond executed by the manufacturer secured only the manufacturer's own excise liability and could not be treated as a guarantee for the merchant-exporter's customs liability. On those facts, premature discharge of the bond before reimportation was mechanical and unjustified, and it could not be used to deny exemption or support the duty demand. en-us Fri, 18 May 2001 00:00:00 +0530 Thu, 15 Jul 2010 10:17:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=45976 Goods exported for an approved overseas project with a pre-existing plan for reimport were held to fall within the customs exemption regime for reimported project goods, so customs duty on reimport was not justified. The Court also held that an excise bond executed by the manufacturer secured only the manufacturer's own excise liability and could not be treated as a guarantee for the merchant-exporter's customs liability. On those facts, premature discharge of the bond before reimportation was mechanical and unjustified, and it could not be used to deny exemption or support the duty demand. Case-Laws Central Excise Fri, 18 May 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=45976