https://www.taxtmi.com/caselaws?id=361154 The Tribunal upheld the duty demands on imported capital goods for an appellant failing to meet export obligations, emphasizing duty-bound nature. The duty foregone by revenue was confirmed at Rs. 11,95,902. Despite some export, financial issues led to closure without fulfilling commitments. Confiscation of capital goods was upheld, with a redemption fine of Rs. 50,000 imposed. Penalties were not imposed due to market challenges hindering export. The Tribunal directed re-calculation of duty liability considering achieved export, referencing Lens Master International case. The appeal was disposed of with the court pronouncing the order at the hearing's conclusion. en-us Wed, 21 Feb 2018 00:00:00 +0530 Wed, 30 May 2018 13:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361154 The Tribunal upheld the duty demands on imported capital goods for an appellant failing to meet export obligations, emphasizing duty-bound nature. The duty foregone by revenue was confirmed at Rs. 11,95,902. Despite some export, financial issues led to closure without fulfilling commitments. Confiscation of capital goods was upheld, with a redemption fine of Rs. 50,000 imposed. Penalties were not imposed due to market challenges hindering export. The Tribunal directed re-calculation of duty liability considering achieved export, referencing Lens Master International case. The appeal was disposed of with the court pronouncing the order at the hearing's conclusion. Case-Laws Customs Wed, 21 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361154