https://www.taxtmi.com/caselaws?id=437866 A request to exit a Foreign Trade Policy scheme cannot be ed merely for failure to file periodic performance reports where no capital goods were imported or procured and no monetary benefit was taken under the scheme. The exit clause is directed at protecting the revenue where duty-related benefits have been enjoyed, and a purely procedural default does not itself create any duty liability or financial detriment. On the facts recorded, the unit had submitted a project progress report, and the rejection on the basis of non-submission of periodic reports was unsustainable. Permission to exit from the scheme was therefore due. en-us Thu, 20 Apr 2023 00:00:00 +0530 Fri, 29 Sep 2023 11:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437866 A request to exit a Foreign Trade Policy scheme cannot be ed merely for failure to file periodic performance reports where no capital goods were imported or procured and no monetary benefit was taken under the scheme. The exit clause is directed at protecting the revenue where duty-related benefits have been enjoyed, and a purely procedural default does not itself create any duty liability or financial detriment. On the facts recorded, the unit had submitted a project progress report, and the rejection on the basis of non-submission of periodic reports was unsustainable. Permission to exit from the scheme was therefore due. Case-Laws Customs Thu, 20 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437866