https://www.taxtmi.com/caselaws?id=446400 Under the EPCG scheme, non-fulfilment of block-wise export obligation did not require redemption fine or penalty where the importer later paid the customs duty shortfall with interest after it was pointed out. The exemption conditions required the obligation to be met in specified blocks and, on default, duty and interest to be discharged within the prescribed time. As the duty liability was made good with interest and the record showed no further infirmity in the adjudicating authority's approach, the demand for redemption fine and penalty was not sustained. en-us Tue, 21 Nov 2023 00:00:00 +0530 Mon, 04 Dec 2023 08:43:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446400 Under the EPCG scheme, non-fulfilment of block-wise export obligation did not require redemption fine or penalty where the importer later paid the customs duty shortfall with interest after it was pointed out. The exemption conditions required the obligation to be met in specified blocks and, on default, duty and interest to be discharged within the prescribed time. As the duty liability was made good with interest and the record showed no further infirmity in the adjudicating authority's approach, the demand for redemption fine and penalty was not sustained. Case-Laws Customs Tue, 21 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446400