https://www.taxtmi.com/caselaws?id=412761 The High Court upheld the decision of the Customs, Excise and Service Tax Appellate Tribunal, dismissing the appellant's appeal against a demand of central excise duties on capital goods. The appellant's transition from a Domestic Tariff Area Unit to a 100% Export Oriented Unit and subsequent import of duty-free capital goods under the EPCG Scheme did not absolve them of the duty liability upon exiting the EOU status. Despite arguments on export obligations and revenue neutrality, the Court found no merit in the appellant's contentions, emphasizing the need for proper documentation and payment of duties. The penalty was deleted, but the duty demand was upheld. en-us Thu, 16 Sep 2021 00:00:00 +0530 Sat, 25 Sep 2021 09:36:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412761 The High Court upheld the decision of the Customs, Excise and Service Tax Appellate Tribunal, dismissing the appellant's appeal against a demand of central excise duties on capital goods. The appellant's transition from a Domestic Tariff Area Unit to a 100% Export Oriented Unit and subsequent import of duty-free capital goods under the EPCG Scheme did not absolve them of the duty liability upon exiting the EOU status. Despite arguments on export obligations and revenue neutrality, the Court found no merit in the appellant's contentions, emphasizing the need for proper documentation and payment of duties. The penalty was deleted, but the duty demand was upheld. Case-Laws Central Excise Thu, 16 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412761