https://www.taxtmi.com/caselaws?id=271256 The Tribunal upheld the demand notice issued to the appellant for failing to fulfill export obligations under an EPCG license, confirming a demand of Rs. 1,17,97,068/- along with interest at 24%. It found no violation of natural justice in the hearing intimation process and emphasized that technical issues raised by the appellant did not invalidate the notice. The Tribunal highlighted the appellant's failure to comply with export obligations despite importing goods worth Rs. 2,57,51,728/-, leading to the confirmation of the demand notice and encashment of the bank guarantee. The Tribunal directed a re-calculation of interest based on the correct rate applicable. en-us Fri, 14 Aug 2015 00:00:00 +0530 Sun, 31 Jan 2016 23:11:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271256 The Tribunal upheld the demand notice issued to the appellant for failing to fulfill export obligations under an EPCG license, confirming a demand of Rs. 1,17,97,068/- along with interest at 24%. It found no violation of natural justice in the hearing intimation process and emphasized that technical issues raised by the appellant did not invalidate the notice. The Tribunal highlighted the appellant's failure to comply with export obligations despite importing goods worth Rs. 2,57,51,728/-, leading to the confirmation of the demand notice and encashment of the bank guarantee. The Tribunal directed a re-calculation of interest based on the correct rate applicable. Case-Laws Customs Fri, 14 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271256