https://www.taxtmi.com/caselaws?id=251264 The High Court upheld the Tribunal's order on pre-deposit of duty under the EPCG Scheme for imported BMW cars used privately instead of for tourist purposes. The Court directed waiver of interest and penalty upon bank guarantee encashment, emphasizing the need to balance undue hardship and Revenue protection. The Court did not express an opinion on the confiscation issue but instructed the Tribunal to decide on merits and in accordance with the law. Financial hardship due to a fire accident was acknowledged, highlighting the importance of considering such circumstances in customs matters. Compliance with the Tribunal's order was noted, and the appeals were to be further adjudicated without expressing opinions on legal questions. en-us Thu, 21 Aug 2014 00:00:00 +0530 Fri, 09 Jan 2015 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251264 The High Court upheld the Tribunal's order on pre-deposit of duty under the EPCG Scheme for imported BMW cars used privately instead of for tourist purposes. The Court directed waiver of interest and penalty upon bank guarantee encashment, emphasizing the need to balance undue hardship and Revenue protection. The Court did not express an opinion on the confiscation issue but instructed the Tribunal to decide on merits and in accordance with the law. Financial hardship due to a fire accident was acknowledged, highlighting the importance of considering such circumstances in customs matters. Compliance with the Tribunal's order was noted, and the appeals were to be further adjudicated without expressing opinions on legal questions. Case-Laws Customs Thu, 21 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251264