https://www.taxtmi.com/caselaws?id=211167 The Tribunal upheld the duty demand of Rs. 2,33,52,317/- against the EOU for failing to meet export obligations, confiscating capital goods, and imposing penalties. The show-cause notice was deemed valid, justifying the duty demand due to non-compliance with bond requirements and export obligations. Confiscation was set aside as it was not warranted, and the penalty was also revoked. The matter was remanded for re-evaluation of duty liability, interest, and consideration of depreciation by the original adjudicating authority. en-us Thu, 19 May 2011 00:00:00 +0530 Sat, 03 Mar 2012 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211167 The Tribunal upheld the duty demand of Rs. 2,33,52,317/- against the EOU for failing to meet export obligations, confiscating capital goods, and imposing penalties. The show-cause notice was deemed valid, justifying the duty demand due to non-compliance with bond requirements and export obligations. Confiscation was set aside as it was not warranted, and the penalty was also revoked. The matter was remanded for re-evaluation of duty liability, interest, and consideration of depreciation by the original adjudicating authority. Case-Laws Customs Thu, 19 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211167