Filing of B/E u/s 46 inapplicable for gold jewellery, exported for exhibition, being re-imported

Additional Director General (Adjudication) Vs It’s My Name Pvt Ltd (Delhi High Court) Delhi High Court held that, in respect of gold jewellery, which was exported for exhibitions and re-imported into the country, the procedure of filing of a B/E, under Section 46 of the Customs Act, was inapplicable. Facts- Gold, imported into India by the respondent, was seized by the Directorate of Revenue Intelligence (DRI), in part from the workshop/factory premises of the respondent and in part from the Airport, after the gold had crossed the Customs barrier. The lis, as regards provisional releas...