https://www.taxtmi.com/caselaws?id=46728 The High Court dismissed the petition seeking refund of customs duty under Section 27 of the Customs Act and duty drawback under Section 74. It held that the denial of duty drawback was justified as the machinery was not exported on a drawback shipping bill, rendering duty drawback inadmissible. The court upheld the validity of Section 76 of the Customs Act, stating that the determination of market value for duty drawback is based on wholesale prices in India. The High Court emphasized adherence to statutory provisions and declined to grant relief contrary to the law. en-us Mon, 01 Sep 2003 00:00:00 +0530 Fri, 23 Jul 2010 15:16:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46728 The High Court dismissed the petition seeking refund of customs duty under Section 27 of the Customs Act and duty drawback under Section 74. It held that the denial of duty drawback was justified as the machinery was not exported on a drawback shipping bill, rendering duty drawback inadmissible. The court upheld the validity of Section 76 of the Customs Act, stating that the determination of market value for duty drawback is based on wholesale prices in India. The High Court emphasized adherence to statutory provisions and declined to grant relief contrary to the law. Case-Laws Customs Mon, 01 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46728