https://www.taxtmi.com/caselaws?id=239824 The court upheld the legality of AEPC's allocation of excess quota, emphasizing the public interest in ensuring optimal utilization and preventing foreign exchange loss. It justified penalties imposed on exporters for quota non-utilization, citing the need to incentivize compliance. The court supported AEPC's methodology for calculating quota utilization based on extended quota periods. The petitioners' claims challenging the penalties were rejected, leading to the dismissal of the writ petitions without costs awarded. en-us Mon, 18 Nov 2013 00:00:00 +0530 Fri, 25 Apr 2014 11:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239824 The court upheld the legality of AEPC's allocation of excess quota, emphasizing the public interest in ensuring optimal utilization and preventing foreign exchange loss. It justified penalties imposed on exporters for quota non-utilization, citing the need to incentivize compliance. The court supported AEPC's methodology for calculating quota utilization based on extended quota periods. The petitioners' claims challenging the penalties were rejected, leading to the dismissal of the writ petitions without costs awarded. Case-Laws Customs Mon, 18 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239824