https://www.taxtmi.com/caselaws?id=330759 The court upheld the obligation to meet export commitments in US dollars under the EPCG scheme, rejecting the petitioner's argument to adjust the rupee equivalent of obligations met in Deutsche Mark. Emphasizing the scheme's objective of maximizing foreign exchange earnings for India, the court dismissed the review petition, highlighting the necessity to adhere strictly to the scheme's terms to prevent unintended benefits to the petitioner. The decision aimed to safeguard India's foreign exchange reserves by ensuring compliance with the specified foreign currency obligations. en-us Fri, 15 Jul 2016 00:00:00 +0530 Thu, 04 Aug 2016 14:00:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330759 The court upheld the obligation to meet export commitments in US dollars under the EPCG scheme, rejecting the petitioner's argument to adjust the rupee equivalent of obligations met in Deutsche Mark. Emphasizing the scheme's objective of maximizing foreign exchange earnings for India, the court dismissed the review petition, highlighting the necessity to adhere strictly to the scheme's terms to prevent unintended benefits to the petitioner. The decision aimed to safeguard India's foreign exchange reserves by ensuring compliance with the specified foreign currency obligations. Case-Laws Customs Fri, 15 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330759