https://www.taxtmi.com/caselaws?id=270216 The Tribunal allowed the applications for waiver of pre-deposit of differential duty and penalties under the EPCG scheme. It held that as long as export obligations were fulfilled, the appellants were entitled to the waiver. The Tribunal considered the validity of the scheme until 2018, the use of the car for transporting tourists, and revenue shown in foreign exchange for export obligations. The bank guarantee of Rs. 50 lakhs for provisional release of the car was deemed sufficient, and recovery was stayed pending appeal disposal, following a precedent where a similar favorable view was taken. en-us Mon, 29 Jun 2015 00:00:00 +0530 Tue, 13 Oct 2015 11:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270216 The Tribunal allowed the applications for waiver of pre-deposit of differential duty and penalties under the EPCG scheme. It held that as long as export obligations were fulfilled, the appellants were entitled to the waiver. The Tribunal considered the validity of the scheme until 2018, the use of the car for transporting tourists, and revenue shown in foreign exchange for export obligations. The bank guarantee of Rs. 50 lakhs for provisional release of the car was deemed sufficient, and recovery was stayed pending appeal disposal, following a precedent where a similar favorable view was taken. Case-Laws Customs Mon, 29 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270216