https://www.taxtmi.com/caselaws?id=34891 The Tribunal ruled in favor of the appellants, finding that they did not violate the EPCG license conditions and that the demand for fulfilling the export obligation was premature. The Tribunal emphasized compliance with DGFT's clarifications and considered the practical difficulties in maintaining separate records for foreign exchange earnings. Consequently, the impugned order was set aside, and the demands for duty and penalties were deemed unjustified. The appeals were allowed, granting the appellants consequential relief. en-us Mon, 01 Sep 2008 00:00:00 +0530 Sat, 07 Nov 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34891 The Tribunal ruled in favor of the appellants, finding that they did not violate the EPCG license conditions and that the demand for fulfilling the export obligation was premature. The Tribunal emphasized compliance with DGFT's clarifications and considered the practical difficulties in maintaining separate records for foreign exchange earnings. Consequently, the impugned order was set aside, and the demands for duty and penalties were deemed unjustified. The appeals were allowed, granting the appellants consequential relief. Case-Laws Customs Mon, 01 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34891