https://www.taxtmi.com/caselaws?id=54198 The Tribunal set aside the Commissioner's order, determining that Section 113(h)(ii) of the Customs Act, 1962, did not apply to DEPB exports. It dismissed the confiscation and penalties imposed, stating that DEPB exports are not subject to confiscation under Section 113(d) as they are neither dutiable nor prohibited. The Tribunal ordered the consignment's return to town, ruling in favor of the appellants and emphasizing that the goods did not acquire export status until meeting Section 51 requirements. The Tribunal found no prohibition under the Customs Act for the goods in question, allowing the appeal. en-us Wed, 31 Aug 2005 00:00:00 +0530 Thu, 18 Apr 2024 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54198 The Tribunal set aside the Commissioner's order, determining that Section 113(h)(ii) of the Customs Act, 1962, did not apply to DEPB exports. It dismissed the confiscation and penalties imposed, stating that DEPB exports are not subject to confiscation under Section 113(d) as they are neither dutiable nor prohibited. The Tribunal ordered the consignment's return to town, ruling in favor of the appellants and emphasizing that the goods did not acquire export status until meeting Section 51 requirements. The Tribunal found no prohibition under the Customs Act for the goods in question, allowing the appeal. Case-Laws Customs Wed, 31 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54198