https://www.taxtmi.com/caselaws?id=376695 Capital goods imported at a concessional rate under the EPCG scheme remained liable to recovery of duty foregone and interest where the export obligation was not fulfilled within the stipulated period and no extension was obtained. Breach of the notification conditions made the benefit unavailable, and the duty demand became enforceable. The doctrine of promissory estoppel was held inapplicable because compliance with the mandatory export obligation was a prerequisite for retaining the concession. The confirmed demand and interest were upheld, and the appeals were dismissed. en-us Tue, 12 Mar 2019 00:00:00 +0530 Sat, 22 Feb 2020 11:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376695 Capital goods imported at a concessional rate under the EPCG scheme remained liable to recovery of duty foregone and interest where the export obligation was not fulfilled within the stipulated period and no extension was obtained. Breach of the notification conditions made the benefit unavailable, and the duty demand became enforceable. The doctrine of promissory estoppel was held inapplicable because compliance with the mandatory export obligation was a prerequisite for retaining the concession. The confirmed demand and interest were upheld, and the appeals were dismissed. Case-Laws Customs Tue, 12 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376695