2006 (3) TMI 524

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....Devi, SDR, for the Respondent. [Order per : P.G. Chacko, Member (J)]. -  The appellants had imported certain capital goods for the purpose of demonstration in jewellery show in Mumbai and obtained duty-free clearance of the same under Customs Notification No. 3/89 upon execution of a Bank Guarantee for Rs. 6,40,000/- with a validity period of one year. As per condition (2) of the said N....

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....was rejected by the Dy. Commissioner of Customs (Group 5A) and the Bank Guarantee was encashed by the department. The decision of the Dy. Commissioner was upheld by the Commissioner (Appeals). Hence the present appeal. 2. After hearing both sides and considering their submissions, we note that the importer's second application for extension of time for re-export of the goods was not consid....