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TMI Blog2017 (1) TMI 587X X X X Extracts X X X X X X X X Extracts X X X X ..... mptions is given under 4(g), which covers goods imported free of cost on re-export basis. From a perusal of the relevant contracts, it is seen that the goods imported and subsequently re-exported would satisfy the above condition for waiver of GR declaration given in Regulation 4 (g). Consequently, there is no requirement of filing GR-declaration in respect of the present exports - penalty set asi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es and imported broadcasting equipments under the relevant Customs Notification, without payment of customs duty. Upon conclusion of the games, these equipments were re-exported under various shipping bills. The dispute raised by the Customs Authorities is that the appellant did not file GR declaration form required to be filed at the time of export of goods in terms of Regulation 3 of the Foreign ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as been challenged on the ground that the requirement of filing GR-forms was not pointed out by the Customs Authorities while allowing the export of the goods covered by the various shipping bills. Appellant also submitted that since the goods were imported free of cost on re-export basis, these were covered by the Regulation 4 (g) of the Regulation 2000 Act. Accordingly, they prayed that the pena ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... erms of the contract that the equipments will be imported without payment of the cost of the equipments, on re-export basis. Regulation 4 of the Foreign Exchange (Export of Goods and Services) Regulation, 2000 lists out various exemptions from furnishing GR declarations. One of the exemptions is given under 4(g), which covers goods imported free of cost on re-export basis. From a perusal of the re ..... X X X X Extracts X X X X X X X X Extracts X X X X
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