https://www.taxtmi.com/caselaws?id=250409 EPCG imports of BMW cars were required to be used only for tourist purposes, and the export obligation for service providers had to be met through receipt of payment in freely convertible foreign currency for services rendered using the capital goods. As the applicants produced no log books or other documentary evidence showing tourist use, and no evidence of foreign exchange receipt for services rendered through the cars, no prima facie case was made out for waiver of pre-deposit of customs duty, interest and penalty. Pre-deposit of the customs duty was directed, while pre-deposit of interest and penalty was waived on compliance. en-us Mon, 26 May 2014 00:00:00 +0530 Fri, 21 Nov 2014 15:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250409 EPCG imports of BMW cars were required to be used only for tourist purposes, and the export obligation for service providers had to be met through receipt of payment in freely convertible foreign currency for services rendered using the capital goods. As the applicants produced no log books or other documentary evidence showing tourist use, and no evidence of foreign exchange receipt for services rendered through the cars, no prima facie case was made out for waiver of pre-deposit of customs duty, interest and penalty. Pre-deposit of the customs duty was directed, while pre-deposit of interest and penalty was waived on compliance. Case-Laws Customs Mon, 26 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250409