https://www.taxtmi.com/caselaws?id=269741 Import of motor cars by hotels under the EPCG framework was examined against the actual user condition and export obligation requirements. The Tribunal's reasoning treated the policy and exemption notification harmoniously and held that, while the export obligation period was still running and the cars remained with the importer, immediate duty demand and penalties were premature. It also held that the cars were not required to be used only for transporting foreign tourists; compliance could be met through use in the hotel's service business and other modes of earning foreign exchange. The appeals succeeded and the impugned orders were set aside. en-us Tue, 17 Nov 2015 00:00:00 +0530 Fri, 04 Nov 2016 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269741 Import of motor cars by hotels under the EPCG framework was examined against the actual user condition and export obligation requirements. The Tribunal's reasoning treated the policy and exemption notification harmoniously and held that, while the export obligation period was still running and the cars remained with the importer, immediate duty demand and penalties were premature. It also held that the cars were not required to be used only for transporting foreign tourists; compliance could be met through use in the hotel's service business and other modes of earning foreign exchange. The appeals succeeded and the impugned orders were set aside. Case-Laws Customs Tue, 17 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269741