GAURAV DISTRIBUTORS (P) LTD. vs COMMNR. OF CUSTOMS, NEW DELHI

The Supreme Court interpreted Section 20 of the Customs Act, 1962, regarding the re-importation of goods exported under bond. The Court held that the phrase 'goods exported in bond' refers specifically to goods exported under a customs bond, and not an excise bond, thereby affirming the Customs, Excise and Gold (Control) Appellate Tribunal's decision that the appellants were liable to pay customs duty. The Court concluded that the appellants did not qualify for the duty exemption under the proviso to Section 20 as their goods were exported under an excise bond.