https://www.taxtmi.com/caselaws?id=107291 The Commission accepted the admission of duty liability under the EPCG Scheme for importing high-value cars, amounting to Rs. 2,93,61,300. The applicants agreed to pay the entire duty amount, with adjustments and payment in instalments allowed. Conditions for the release of seized cars, including a bond and bank guarantee, were outlined. The case proceeded under the Customs Act, 1962, emphasizing compliance with legal provisions and notifying all parties of the decision. en-us Thu, 06 Mar 2003 00:00:00 +0530 Wed, 21 Mar 2012 12:41:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107291 The Commission accepted the admission of duty liability under the EPCG Scheme for importing high-value cars, amounting to Rs. 2,93,61,300. The applicants agreed to pay the entire duty amount, with adjustments and payment in instalments allowed. Conditions for the release of seized cars, including a bond and bank guarantee, were outlined. The case proceeded under the Customs Act, 1962, emphasizing compliance with legal provisions and notifying all parties of the decision. Case-Laws Customs Thu, 06 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107291