CESTAT ruled that retrospective conditions cannot be enforced on past duty-free imports where no bond or bank guarantee was obtained at the time of clearance.
The Kolkata Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) held that retrospective amendments to exemption notifications cannot be applied to old imports where no bond or bank guarantee was obtained by the department at the time of clearance. The appellants, LIMAK-SOMA JV, CSCHK-SOMA JV, Soma Enterprise Ltd., and CGGC-SOMA JV had…
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