https://www.taxtmi.com/caselaws?id=47391 Customs recovery can attach to imported capital goods that were cleared under exemption subject to export conditions, and liability may survive breach of those conditions against the specifically identified goods. The discussion also notes that a State Financial Corporation acting as a secured creditor does not automatically take priority over customs dues for unrelated secured assets, so recovery cannot extend beyond the goods to which customs liability attached. Section 46B of the State Financial Corporations Act is described as operating only within its own field and not overriding the Customs Act where no real statutory conflict exists. The materials therefore distinguish between liability on the imported goods and the Corporation's other secured assets. en-us Tue, 07 Jun 2005 00:00:00 +0530 Wed, 28 Jul 2010 15:24:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47391 Customs recovery can attach to imported capital goods that were cleared under exemption subject to export conditions, and liability may survive breach of those conditions against the specifically identified goods. The discussion also notes that a State Financial Corporation acting as a secured creditor does not automatically take priority over customs dues for unrelated secured assets, so recovery cannot extend beyond the goods to which customs liability attached. Section 46B of the State Financial Corporations Act is described as operating only within its own field and not overriding the Customs Act where no real statutory conflict exists. The materials therefore distinguish between liability on the imported goods and the Corporation's other secured assets. Case-Laws Customs Tue, 07 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47391