https://www.taxtmi.com/caselaws?id=107960 The Tribunal found in favor of the private terminal operator at Tuticorin, holding that the Customs' actions were premature as they initiated proceedings before the expiration of the EPCG license period. The operator's earnings in Indian rupees were deemed compliant with the notification, supported by a TAMP order and an RBI clarification. Consequently, the Tribunal granted a waiver of pre-deposit and stayed recovery during the appeal process, considering the substantial bank guarantee provided and the potential hardship caused by the premature actions of the Customs. en-us Fri, 12 Sep 2003 00:00:00 +0530 Wed, 28 Mar 2012 11:06:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107960 The Tribunal found in favor of the private terminal operator at Tuticorin, holding that the Customs' actions were premature as they initiated proceedings before the expiration of the EPCG license period. The operator's earnings in Indian rupees were deemed compliant with the notification, supported by a TAMP order and an RBI clarification. Consequently, the Tribunal granted a waiver of pre-deposit and stayed recovery during the appeal process, considering the substantial bank guarantee provided and the potential hardship caused by the premature actions of the Customs. Case-Laws Customs Fri, 12 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107960