https://www.taxtmi.com/caselaws?id=291402 Under the EPCG scheme, registration of an imported vehicle as a tourist vehicle could be regularised through a later DGFT circular, and conversion made before issuance of the Export Obligation Discharge Certificate supported compliance. Once the competent licensing authority issues that certificate, customs authorities cannot independently disregard it or re-adjudicate alleged non-fulfilment of EPCG conditions to recover duty forgone. The article also notes that the scheme does not require foreign exchange to be earned exclusively through use of the imported car alone. On that basis, the duty demand and penalty were unsustainable. en-us Thu, 06 Feb 2020 00:00:00 +0530 Mon, 09 Nov 2020 17:11:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291402 Under the EPCG scheme, registration of an imported vehicle as a tourist vehicle could be regularised through a later DGFT circular, and conversion made before issuance of the Export Obligation Discharge Certificate supported compliance. Once the competent licensing authority issues that certificate, customs authorities cannot independently disregard it or re-adjudicate alleged non-fulfilment of EPCG conditions to recover duty forgone. The article also notes that the scheme does not require foreign exchange to be earned exclusively through use of the imported car alone. On that basis, the duty demand and penalty were unsustainable. Case-Laws Customs Thu, 06 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291402