https://www.taxtmi.com/caselaws?id=964 A revenue challenge to waiver of bank guarantee under the EPCG scheme had no practical relief left because the imported goods had already been cleared long earlier. The bank guarantee requirement was meant to operate before clearance, and the dispute had spent itself by the time the appeal was heard. The text also notes that any exemption granted under the scheme could in any event be withdrawn upon default in export obligation. On those facts, the appeal was treated as infructuous and did not survive. en-us Mon, 30 Oct 2006 00:00:00 +0530 Sun, 13 Apr 2008 19:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=964 A revenue challenge to waiver of bank guarantee under the EPCG scheme had no practical relief left because the imported goods had already been cleared long earlier. The bank guarantee requirement was meant to operate before clearance, and the dispute had spent itself by the time the appeal was heard. The text also notes that any exemption granted under the scheme could in any event be withdrawn upon default in export obligation. On those facts, the appeal was treated as infructuous and did not survive. Case-Laws Customs Mon, 30 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=964