https://www.taxtmi.com/caselaws?id=269885 Under the EPCG scheme, imported capital goods must be matched by export of the stipulated value within the prescribed period, and any extension must be granted by the licensing authority. The record showed that the export obligation for the second block period was not completed on time. Although extension was said to have been sought, there was no evidence that the authority approved it, and no material showed compliance with the prescribed procedure or regularisation of the default. On that basis, the appellant failed to establish fulfillment of the export obligation or a valid extension. en-us Mon, 09 Feb 2015 00:00:00 +0530 Thu, 24 Dec 2015 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269885 Under the EPCG scheme, imported capital goods must be matched by export of the stipulated value within the prescribed period, and any extension must be granted by the licensing authority. The record showed that the export obligation for the second block period was not completed on time. Although extension was said to have been sought, there was no evidence that the authority approved it, and no material showed compliance with the prescribed procedure or regularisation of the default. On that basis, the appellant failed to establish fulfillment of the export obligation or a valid extension. Case-Laws Customs Mon, 09 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269885