https://www.taxtmi.com/caselaws?id=446324 CESTAT Chennai allowed appeal by remand in case involving confiscation of capital goods imported under EPCG licenses due to alleged non-fulfillment of export obligations. Tribunal found adjudicating authority acted hastily without granting personal hearing or considering appellant's compliance efforts following EPCG Committee's extension decision. Since Committee granted two-year extension without prescribing specific time limit for compliance and appellant was diligent in attempting compliance within three months, matter required reconsideration. Tribunal emphasized need for DGFT and Customs coordination to effectuate beneficial schemes rather than creating litigation burden. Case remanded to adjudicating authority for fresh consideration of Committee decisions, compliance efforts, and export obligation fulfillment within three months. en-us Thu, 02 Nov 2023 00:00:00 +0530 Wed, 24 Apr 2024 14:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446324 CESTAT Chennai allowed appeal by remand in case involving confiscation of capital goods imported under EPCG licenses due to alleged non-fulfillment of export obligations. Tribunal found adjudicating authority acted hastily without granting personal hearing or considering appellant's compliance efforts following EPCG Committee's extension decision. Since Committee granted two-year extension without prescribing specific time limit for compliance and appellant was diligent in attempting compliance within three months, matter required reconsideration. Tribunal emphasized need for DGFT and Customs coordination to effectuate beneficial schemes rather than creating litigation burden. Case remanded to adjudicating authority for fresh consideration of Committee decisions, compliance efforts, and export obligation fulfillment within three months. Case-Laws Customs Thu, 02 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446324