2011 (12) TMI 708

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....llate Tribunal, South Zonal Bench, Bangalore (for short, 'the Tribunal'). 2. The appeal involves the interpretation of Notification No. 126/94, dated 3-6-1994. 3. The assessee had imported capital goods and also raw material for the manufacture and export of cut flowers for a period of five years. The assessee which is a 100% export oriented unit made exports for four years, i.e., from....

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....b)(i) of the notification, which reads as follows : (3) The importer at the time of import or procurement of said goods executes a bond in such form and for such sum as may be prescribed by the Assistant Commissioner of Customs or Deputy Commissioner of Customs binding himself :- (a) … … … (b) to fulfil the Export obligation and comply with the conditions stipulated in....