https://www.taxtmi.com/caselaws?id=47889 Failure to re-export duty-free gold within the stipulated 120-day period under the scheme triggered customs duty liability, because the goods became dutiable on default and the customs demand followed. The commentary notes that where the buyer undertakes compliance with the scheme conditions but causes the default, contractual and scheme-based responsibility for the resulting duty and related charges rests on that party. It also records that the plaintiff's bank guarantee was invoked and the duty amount was recovered from the plaintiff, supporting a claim for reimbursement together with interest and costs. en-us Mon, 20 Feb 2006 00:00:00 +0530 Sat, 31 Jul 2010 13:31:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47889 Failure to re-export duty-free gold within the stipulated 120-day period under the scheme triggered customs duty liability, because the goods became dutiable on default and the customs demand followed. The commentary notes that where the buyer undertakes compliance with the scheme conditions but causes the default, contractual and scheme-based responsibility for the resulting duty and related charges rests on that party. It also records that the plaintiff's bank guarantee was invoked and the duty amount was recovered from the plaintiff, supporting a claim for reimbursement together with interest and costs. Case-Laws Customs Mon, 20 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47889