https://www.taxtmi.com/caselaws?id=202288 The Tribunal set aside the penalties, interest, and fine imposed on the appellants for failing to fulfill their export obligation under an EPCG license. Citing judgments where penalties were waived due to extenuating circumstances hindering compliance, including economic crises and market conditions, the Tribunal aligned with these decisions. Despite admitting liability and failing to pre-deposit duty as directed by the Settlement Commission, the appellants' plea to waive penalties, interest, and fine was granted based on the impact of economic crises on their ability to meet obligations within the specified timeframe. en-us Fri, 25 Nov 2005 00:00:00 +0530 Tue, 01 Feb 2011 15:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202288 The Tribunal set aside the penalties, interest, and fine imposed on the appellants for failing to fulfill their export obligation under an EPCG license. Citing judgments where penalties were waived due to extenuating circumstances hindering compliance, including economic crises and market conditions, the Tribunal aligned with these decisions. Despite admitting liability and failing to pre-deposit duty as directed by the Settlement Commission, the appellants' plea to waive penalties, interest, and fine was granted based on the impact of economic crises on their ability to meet obligations within the specified timeframe. Case-Laws Customs Fri, 25 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202288