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2014 (1) TMI 691 - KARNATAKA HIGH COURTImport of forgings and castings - Exemption under Notification No.39/96-Customs, dated 23.07.1996 - Confiscation of goods - Held that:- Petitioner is a public sector undertaking which is in the field of manufacturing aircraft and helicopters which are required for the defence of the country. Admittedly, they had the benefit of green channel facility for more than a decade by which all the imported goods were taken out from the customs barriers without any objections, to the place of manufacture. Now a dispute has arisen regarding some items which are imported as to whether they would fall under the exemption or not - it is appropriate to permit the clearance of the goods on provisional assessment basis by executing appropriate bond. It is submitted that executing a bank guarantee is exempted in respect of public sector undertaking, more so, in the nature of defence undertaking - The respondents are directed to clear the goods on provisional assessment basis on petitioner executing a appropriate bond in respect of the duty levied - Decided in favour of assessee.
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