https://www.taxtmi.com/caselaws?id=32571 The Tribunal allowed the appeals filed by a company and its Managing Director, setting aside the demand of duty and penalties imposed for failing to fulfill export obligations under the DEEC scheme related to imported copper wire. The Tribunal considered the genuine difficulties faced by the appellants in meeting export obligations due to international market conditions and granted relief by vacating the penalties, citing precedents where penalties were revoked in similar circumstances. en-us Tue, 15 Jul 2008 00:00:00 +0530 Sat, 14 Mar 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32571 The Tribunal allowed the appeals filed by a company and its Managing Director, setting aside the demand of duty and penalties imposed for failing to fulfill export obligations under the DEEC scheme related to imported copper wire. The Tribunal considered the genuine difficulties faced by the appellants in meeting export obligations due to international market conditions and granted relief by vacating the penalties, citing precedents where penalties were revoked in similar circumstances. Case-Laws Customs Tue, 15 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32571