https://www.taxtmi.com/caselaws?id=53762 The Tribunal ruled in favor of the appellant, holding that the time limit specified in Section 27 of the Customs Act was not applicable to the refund of amounts obtained through the encashment of bank guarantees. The Tribunal determined that the encashment was not related to duty payment but due to a procedural issue regarding the discharge certificate, as the export obligations had already been fulfilled. By referencing legal precedents and emphasizing the nature of bank guarantees as security rather than duty payment, the Tribunal allowed the appeals, stating that Section 27's time limit does not apply in such cases. en-us Fri, 06 Aug 2004 00:00:00 +0530 Fri, 15 Oct 2010 11:09:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53762 The Tribunal ruled in favor of the appellant, holding that the time limit specified in Section 27 of the Customs Act was not applicable to the refund of amounts obtained through the encashment of bank guarantees. The Tribunal determined that the encashment was not related to duty payment but due to a procedural issue regarding the discharge certificate, as the export obligations had already been fulfilled. By referencing legal precedents and emphasizing the nature of bank guarantees as security rather than duty payment, the Tribunal allowed the appeals, stating that Section 27's time limit does not apply in such cases. Case-Laws Customs Fri, 06 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53762