https://www.taxtmi.com/caselaws?id=122224 Once the export obligation on the imported capital goods was accepted as fully satisfied, the legal basis for duty demand, confiscation, redemption fine, interest and further penalty fell away. The appellate authority had already recorded 100% fulfilment of the obligation and imposed only a penalty for delayed production of the certificate, which had been paid. The Commissioner proceeded on an incorrect assumption that the obligation remained unfulfilled. The demand, confiscation, redemption fine, interest and penalty were therefore held unsustainable and set aside in favour of the assessee. en-us Thu, 08 Feb 2007 00:00:00 +0530 Thu, 09 Aug 2012 15:14:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122224 Once the export obligation on the imported capital goods was accepted as fully satisfied, the legal basis for duty demand, confiscation, redemption fine, interest and further penalty fell away. The appellate authority had already recorded 100% fulfilment of the obligation and imposed only a penalty for delayed production of the certificate, which had been paid. The Commissioner proceeded on an incorrect assumption that the obligation remained unfulfilled. The demand, confiscation, redemption fine, interest and penalty were therefore held unsustainable and set aside in favour of the assessee. Case-Laws Customs Thu, 08 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122224