TMI Blog1996 (1) TMI 229X X X X Extracts X X X X X X X X Extracts X X X X ..... d exported certain goods manufactured under bond without payment of Central Excise duty leviable thereon for displaying them in an exhibition abroad. The goods were reimported within three years of export and clearance was sought under Section 20 of Customs Act, 1962. The goods were valued after adding the freight element and insurance. According to the appellant, such valuation for assessment of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Clause (c)(ii) and (iii) of the first proviso to Section 20(1) of Customs Act lays down that where goods produced or manufactured in India are imported into India after exportation, the reimport is to be allowed on payment of Customs duty equal to the Central Excise duty calculated at the rate prevailing at the time and place of importation of the goods where the goods had been exported in bond wi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o all the conditions to which goods of the like kind and value not so produced or manufactured are liable or subject on importation. Since the reimported goods are thus to be treated on a par with goods not produced or manufactured in India for the purpose of computation of duty, their value is to be arrived at as if they are such imported goods, not of Indian manufacture. The freight and insuranc ..... X X X X Extracts X X X X X X X X Extracts X X X X
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