https://www.taxtmi.com/caselaws?id=792814 In an SEZ customs dispute, the note states that procurement could not be treated as excessive where a later Bond cum Legal Undertaking had been accepted and acted upon by the competent authority. It further records that allegations of non-manufacture and diversion of duty-free goods could not rest on retracted statements, unverified stock checks or NSDL data alone; compliance with statutory requirements for statement admissibility was necessary, and business records and supporting invoices were not discredited. On that basis, confiscation, duty demand and penalties against the unit and connected persons were held unsustainable. en-us Wed, 03 Jun 2026 00:00:00 +0530 Thu, 04 Jun 2026 08:37:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792814 In an SEZ customs dispute, the note states that procurement could not be treated as excessive where a later Bond cum Legal Undertaking had been accepted and acted upon by the competent authority. It further records that allegations of non-manufacture and diversion of duty-free goods could not rest on retracted statements, unverified stock checks or NSDL data alone; compliance with statutory requirements for statement admissibility was necessary, and business records and supporting invoices were not discredited. On that basis, confiscation, duty demand and penalties against the unit and connected persons were held unsustainable. Case-Laws Customs Wed, 03 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792814