2003 (3) TMI 504

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..... 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 20-11-1995 and further extended till 22-2-1996. Since they failed to submit evidence r .....

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..... hat 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 was allowed was not fulfilled in time, the lower authorities have rightly demanded the duty in terms .....

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