https://www.taxtmi.com/caselaws?id=366361 The High Court upheld the Customs department's authority to recover short levy of duty from an Export Oriented Unit (EOU) for non-compliance with Net Foreign Tariff Earning as a Percentage of Exports (NFEP) requirements. The court emphasized that customs duty concessions were contingent on timely meeting NFEP obligations without extensions, rejecting the EOU's argument for future compliance. The court clarified that the appeal fell within its jurisdiction under the Customs Act, focusing on export obligation breaches leading to duty recovery and overturning the Tribunal's decision in favor of the Revenue. en-us Tue, 24 Jul 2018 00:00:00 +0530 Thu, 29 Aug 2019 12:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366361 The High Court upheld the Customs department's authority to recover short levy of duty from an Export Oriented Unit (EOU) for non-compliance with Net Foreign Tariff Earning as a Percentage of Exports (NFEP) requirements. The court emphasized that customs duty concessions were contingent on timely meeting NFEP obligations without extensions, rejecting the EOU's argument for future compliance. The court clarified that the appeal fell within its jurisdiction under the Customs Act, focusing on export obligation breaches leading to duty recovery and overturning the Tribunal's decision in favor of the Revenue. Case-Laws Customs Tue, 24 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366361