https://www.taxtmi.com/caselaws?id=406242 The Court quashed the impugned orders issued to two companies and their directors for diverting due free imported capital goods under the EOU scheme during the Covid-19 pandemic. Acknowledging the pandemic circumstances and petitioners' commitment to pay interest, the Court directed the interest payment within six weeks and immediate movement to the settlement commission. Failure to comply would result in automatic reinstatement of the impugned orders, in line with a previous judgment granting time to approach the settlement commission. en-us Fri, 12 Mar 2021 00:00:00 +0530 Fri, 09 Apr 2021 07:58:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406242 The Court quashed the impugned orders issued to two companies and their directors for diverting due free imported capital goods under the EOU scheme during the Covid-19 pandemic. Acknowledging the pandemic circumstances and petitioners' commitment to pay interest, the Court directed the interest payment within six weeks and immediate movement to the settlement commission. Failure to comply would result in automatic reinstatement of the impugned orders, in line with a previous judgment granting time to approach the settlement commission. Case-Laws Customs Fri, 12 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406242