TaxTMI 
TaxTMI 
2005 (10) TMI 196
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.... have imported a consignment of second hand disposal diesel engines of 132 pieces and claimed exemption under Notification No. 204/92-Cus., dated 19-5-1992 against the Advance License dated 3-10-1994. The proper officer of Customs in terms of the Advance License did not levy any duty at the time of importation of the goods. The appellants had claimed that the imports were for reconditioning of die....
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....ndition of reconditioning of the diesel engines within the period permitted for duty free import against an advance license under the provisions of Notification No. 204/92 has not been complied with, the conditions of the notification as well as advance license are not met. The plea of the learned Advocate for the appellants that at the time of clearance they were having a valid license and theref....
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....hat the originally the Commissioner of Customs had ordered and determined the matter in the following terms:- (i) The value of the imported goods was determined to be Rs. 10,32,000/- and duty of customs payable Rs. 3,87,000/- was demanded. (ii) 132 engines imported were ordered to be confiscated under secti....
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....ar - 1992 (58) E.L.T. 163 (S.C.) relied for validity of license would be applicable to the appellants' case. 5. Considering the aforesaid circumstances of the case, we set aside the impugned order. The appellants are allowed to re-export the impugned goods within three months. In the event of failure to re-export, the duty would be payable by the appellants. The appeal is disposed of in the above....