Re-exporting of goods without payment of customs duty not permissible on expiry of bonded period

Commissioner Of Customs Vs Baroda Rayons Corporation Ltd. (Gujarat High Court) Gujarat High Court held that as the bonded period is expired, the importer is liable to pay the customs duty. Importer cannot re-export the goods under section 69 without payment of the customs duty. Facts- The respondent is a public limited company engaged in a commercial production of Viscose Filament yarn. In the year 1995-96, the respondent imported plant and machinery – equipment under an Open General Licence (OGL) from Japan, Germany and Korea, after executing 21 bonds amounting to Rs.18,01,31,442/- and init...