https://www.taxtmi.com/caselaws?id=181591 The case involved duty liability under specific advance licenses issued to M/s. Kitex Garments Limited. The applicant admitted duty liability for certain licenses but disputed the quantum of export obligation discharge for others. The Bench ruled in favor of the Customs Department, adjusting duty liabilities and emphasizing the importance of realizing export proceeds. The applicant was directed to pay a total duty liability of Rs. 2,20,61,171, with a balance of Rs. 99,31,229 to be paid within 30 days, along with interest at 10% per annum. Immunity from prosecution and penalty was granted, subject to compliance and no fraudulent activities. en-us Thu, 03 Jul 2003 00:00:00 +0530 Wed, 20 Apr 2016 13:01:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181591 The case involved duty liability under specific advance licenses issued to M/s. Kitex Garments Limited. The applicant admitted duty liability for certain licenses but disputed the quantum of export obligation discharge for others. The Bench ruled in favor of the Customs Department, adjusting duty liabilities and emphasizing the importance of realizing export proceeds. The applicant was directed to pay a total duty liability of Rs. 2,20,61,171, with a balance of Rs. 99,31,229 to be paid within 30 days, along with interest at 10% per annum. Immunity from prosecution and penalty was granted, subject to compliance and no fraudulent activities. Case-Laws Customs Thu, 03 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181591