https://www.taxtmi.com/caselaws?id=253499 Retrospective conversion of an EPCG licence from zero duty to 10% duty, once accepted by the licensing authority, regularises the licence holder's compliance under the scheme. On that basis, customs authorities cannot ignore the amended licence and continue to treat the original conditions as breached. Duty demand, confiscation and penalty, including penalty under the Customs Act, 1962, do not survive where the competent authority has already accepted the retrospective amendment. The impugned order was therefore set aside and consequential relief followed. en-us Fri, 13 Jun 2014 00:00:00 +0530 Wed, 26 Nov 2014 11:10:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253499 Retrospective conversion of an EPCG licence from zero duty to 10% duty, once accepted by the licensing authority, regularises the licence holder's compliance under the scheme. On that basis, customs authorities cannot ignore the amended licence and continue to treat the original conditions as breached. Duty demand, confiscation and penalty, including penalty under the Customs Act, 1962, do not survive where the competent authority has already accepted the retrospective amendment. The impugned order was therefore set aside and consequential relief followed. Case-Laws Customs Fri, 13 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253499