https://www.taxtmi.com/caselaws?id=413947 The Policy Relaxation Committee permitted conversion of a Zero Duty EPCG licence to a 10% duty licence in relaxation of the Foreign Trade Policy, subject to payment of 10% duty with interest to Customs. The appellant subsequently paid the duty and later the interest when required, and communicated the payments to the authority. On that basis, the compliance issue relating to concessional import conditions and duty treatment stood resolved, and no further direction was considered necessary. en-us Thu, 02 Sep 2021 00:00:00 +0530 Mon, 25 Oct 2021 09:18:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413947 The Policy Relaxation Committee permitted conversion of a Zero Duty EPCG licence to a 10% duty licence in relaxation of the Foreign Trade Policy, subject to payment of 10% duty with interest to Customs. The appellant subsequently paid the duty and later the interest when required, and communicated the payments to the authority. On that basis, the compliance issue relating to concessional import conditions and duty treatment stood resolved, and no further direction was considered necessary. Case-Laws Customs Thu, 02 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413947