https://www.taxtmi.com/caselaws?id=35364 The court dismissed the challenge to an order granting immunity from interest payment by the Settlement Commission. The Respondent, who failed export obligations after importing goods under an EPCG license, successfully argued frustration of contract due to a cyclone, leading to automatic discharge of the obligation to pay interest. Despite the Settlement Commission lacking power to grant immunity, the court found no need to remand the case, ultimately dismissing the Petition with no order as to costs, with both judges concurring on the decision. en-us Thu, 03 Dec 2009 00:00:00 +0530 Fri, 07 Jun 2013 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35364 The court dismissed the challenge to an order granting immunity from interest payment by the Settlement Commission. The Respondent, who failed export obligations after importing goods under an EPCG license, successfully argued frustration of contract due to a cyclone, leading to automatic discharge of the obligation to pay interest. Despite the Settlement Commission lacking power to grant immunity, the court found no need to remand the case, ultimately dismissing the Petition with no order as to costs, with both judges concurring on the decision. Case-Laws Customs Thu, 03 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35364