https://www.taxtmi.com/caselaws?id=34728 The Tribunal set aside the penalty imposed on the Managing Director for violating EPCG scheme conditions related to the import of machinery. The penalty was deemed premature as the time limit for export obligations had been extended, and the authority to penalize for relocating machinery should have been the DGFT, not the Commissioner of Customs. The penalty was overturned based on previous decisions where similar appeals were allowed, as the importer was not found liable for confiscation of goods. The appeal was allowed, and the stay application was disposed of accordingly. en-us Thu, 04 Sep 2008 00:00:00 +0530 Tue, 13 Oct 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34728 The Tribunal set aside the penalty imposed on the Managing Director for violating EPCG scheme conditions related to the import of machinery. The penalty was deemed premature as the time limit for export obligations had been extended, and the authority to penalize for relocating machinery should have been the DGFT, not the Commissioner of Customs. The penalty was overturned based on previous decisions where similar appeals were allowed, as the importer was not found liable for confiscation of goods. The appeal was allowed, and the stay application was disposed of accordingly. Case-Laws Customs Thu, 04 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34728