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2009 (9) TMI 606 - PUNJAB & HARYANA HIGH COURTDuty liability – relinquishment of title of the imported goods - Company relinquish title without demur - auction was held and the goods were purchased back from the auction purchaser by the petitioner - goods have not only lost its character as ‘imported goods’ but the petitioner-Company had also lost their character as an ‘importer’ in respect of these imported goods - auction purchaser is son-in-law of the petitioner and the petitioner-Company had purchased it from him would pale into insignificance - Customs Department has allowed the auction of warehoused goods after deducting the warehouse charges and duty etc. then the goods have come in the hands of auction purchaser in accordance with law - Company, not exigible to Custom Duty as the goods had been auctioned after obtaining permission from the proper officer
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