https://www.taxtmi.com/caselaws?id=206397 The exporting firms faced allegations of diverting export goods and not realizing export proceeds as prescribed, leading to a demand of Rs. 22 crores and penalties. Appeals were initially dismissed for non-compliance, despite efforts for waiver. After remitting Rs. 2.5 crores, restoration applications were filed citing financial hardship. The Tribunal, balancing leniency and financial implications, restored the appeals for a fair hearing. This decision allowed the exporting firms to present their case and address the outstanding demand, emphasizing the Tribunal's discretion in such matters. en-us Fri, 03 Jun 2011 00:00:00 +0530 Wed, 22 Aug 2012 13:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206397 The exporting firms faced allegations of diverting export goods and not realizing export proceeds as prescribed, leading to a demand of Rs. 22 crores and penalties. Appeals were initially dismissed for non-compliance, despite efforts for waiver. After remitting Rs. 2.5 crores, restoration applications were filed citing financial hardship. The Tribunal, balancing leniency and financial implications, restored the appeals for a fair hearing. This decision allowed the exporting firms to present their case and address the outstanding demand, emphasizing the Tribunal's discretion in such matters. Case-Laws Customs Fri, 03 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206397