https://www.taxtmi.com/caselaws?id=335364 The appellate tribunal addressed challenges faced by M/s Niwas Spinning Mills Ltd in the provisional assessment of imported machines under the EPCG scheme. Despite issues with the enhancement of licence value and premature encashment of the bank guarantee, the tribunal modified the duty and interest demand. It directed the competent authority to calculate the exact interest liability and refund the balance amount to the appellant promptly. The judgment emphasized adherence to legal requirements in duty payment matters under the EPCG scheme, ensuring proper assessment procedures are followed. en-us Mon, 09 May 2016 00:00:00 +0530 Sat, 03 Feb 2018 12:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335364 The appellate tribunal addressed challenges faced by M/s Niwas Spinning Mills Ltd in the provisional assessment of imported machines under the EPCG scheme. Despite issues with the enhancement of licence value and premature encashment of the bank guarantee, the tribunal modified the duty and interest demand. It directed the competent authority to calculate the exact interest liability and refund the balance amount to the appellant promptly. The judgment emphasized adherence to legal requirements in duty payment matters under the EPCG scheme, ensuring proper assessment procedures are followed. Case-Laws Customs Mon, 09 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335364