https://www.taxtmi.com/caselaws?id=766266 The HC remanded the matter to the Settlement Commission after finding that both the Commission and writ court incorrectly determined the export obligation achievement at 14% under the EPCG Scheme. The court noted that bank certificates from three banks showed remittances received from NRE accounts for cable subscriptions up to December 1999, indicating the appellant achieved approximately 30% of export obligation rather than 14%. The Settlement Commission was directed to verify actual export obligation achieved through NRE account remittances and determine proportionate duty liability accordingly. The bank guarantee must remain active until proceedings conclude within three months. en-us Wed, 19 Feb 2025 00:00:00 +0530 Fri, 21 Feb 2025 08:23:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766266 The HC remanded the matter to the Settlement Commission after finding that both the Commission and writ court incorrectly determined the export obligation achievement at 14% under the EPCG Scheme. The court noted that bank certificates from three banks showed remittances received from NRE accounts for cable subscriptions up to December 1999, indicating the appellant achieved approximately 30% of export obligation rather than 14%. The Settlement Commission was directed to verify actual export obligation achieved through NRE account remittances and determine proportionate duty liability accordingly. The bank guarantee must remain active until proceedings conclude within three months. Case-Laws Customs Wed, 19 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766266