Recovery of Drawback upheld under Rules 16, 16A and s.75; penalties under s.114(i),(iii) vacated, interest sustained

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....CESTAT upheld recovery of drawback under Rules 16 and 16A of the Drawback Rules, 1995 read with s.75 of the Customs Act, 1962, holding that recovery (with interest) was sustainable where sale proceeds were not genuinely realised from the purported buyers and remittances could not be accepted as proceeds; the Tribunal found the DRI conducted independent enquiries and issued an SCN without undue delay and that no limitation is prescribed for such recovery. The Tribunal set aside the penalty imposed under s.114(i) and (iii). Consequentially the appeal is allowed in part: recovery with interest sustained; penalty under s.114 vacated.....