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    <title>2004 (6) TMI 530 - CESTAT, BANGALORE</title>
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    <description>Under the EPCG Scheme, the demand for interest on imported capital goods cleared against export obligation was held to raise a strong prima facie issue because the cited decisions found no provision in the scheme, the notification, or the Customs Act authorising such interest for alleged non-fulfilment of export obligation. On that basis, the appellants secured waiver of pre-deposit and stay of recovery of the interest amount pending appeal, with the matter directed for out-of-turn hearing.</description>
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      <link>https://www.taxtmi.com/caselaws?id=113929</link>
      <description>Under the EPCG Scheme, the demand for interest on imported capital goods cleared against export obligation was held to raise a strong prima facie issue because the cited decisions found no provision in the scheme, the notification, or the Customs Act authorising such interest for alleged non-fulfilment of export obligation. On that basis, the appellants secured waiver of pre-deposit and stay of recovery of the interest amount pending appeal, with the matter directed for out-of-turn hearing.</description>
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      <pubDate>Thu, 17 Jun 2004 00:00:00 +0530</pubDate>
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