https://www.taxtmi.com/caselaws?id=1364 The Revenue's appeal against the Commissioner's order regarding the fulfillment of export obligations under the EPCG Scheme was rejected. The respondents had initially met their export obligations but later sought to opt out due to difficulties. After paying Customs duty and interest upon opting out, the Revenue issued a notice for duty demand, interest, and penalties. The Tribunal held that duty and interest were only applicable for the unfulfilled portion of the export obligation, citing a previous decision and circular. As the Revenue could not provide contrary evidence, the Tribunal upheld the adjudicating authority's decision, emphasizing adherence to circulars. en-us Tue, 06 Jun 2006 00:00:00 +0530 Mon, 14 Apr 2008 17:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1364 The Revenue's appeal against the Commissioner's order regarding the fulfillment of export obligations under the EPCG Scheme was rejected. The respondents had initially met their export obligations but later sought to opt out due to difficulties. After paying Customs duty and interest upon opting out, the Revenue issued a notice for duty demand, interest, and penalties. The Tribunal held that duty and interest were only applicable for the unfulfilled portion of the export obligation, citing a previous decision and circular. As the Revenue could not provide contrary evidence, the Tribunal upheld the adjudicating authority's decision, emphasizing adherence to circulars. Case-Laws Customs Tue, 06 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1364