https://www.taxtmi.com/caselaws?id=34463 Non-fulfilment of the export obligation under a 100% EOU import exemption can attract confiscation and consequential penalty under the Customs Act, while the redemption fine may be reduced if the facts show bona fide efforts affected by market and technology changes. Fully depreciated capital goods were treated as attracting nil duty, but duty on unutilized raw materials and consumables depended on consideration of a destruction request under the Export Import Policy. The matter on destruction and the resulting duty liability was remanded for limited reconsideration, while confiscation and penalty were maintained. en-us Thu, 22 Jan 2009 00:00:00 +0530 Tue, 01 Sep 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34463 Non-fulfilment of the export obligation under a 100% EOU import exemption can attract confiscation and consequential penalty under the Customs Act, while the redemption fine may be reduced if the facts show bona fide efforts affected by market and technology changes. Fully depreciated capital goods were treated as attracting nil duty, but duty on unutilized raw materials and consumables depended on consideration of a destruction request under the Export Import Policy. The matter on destruction and the resulting duty liability was remanded for limited reconsideration, while confiscation and penalty were maintained. Case-Laws Central Excise Thu, 22 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34463