2003 (3) TMI 504

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..... Shri S.S. Bhagat, SDR, for the Respondent. [Order per : C. Satapathy, Member (T)]. -  Heard both sides. The appellants were permitted re-importation of 317 Kgs. of Dihydralazine Sulphate without payment of customs duty on provisional assessment subject to re-export within six months or such extended period. They submitted a Bank Guarantee of Rs. 2,69,181/- which was valid till 20-1....

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.... the goods, though the Bank Guarantee was renewed for a further period. As such, he has held that the appellants have not fulfilled conditions of the bond and the guarantee by not re-exporting the goods within six months and not obtaining any extension. 4. After going through the case records, we find that since the conditions of the bond under which duty free clearance on re-importation w....