https://www.taxtmi.com/caselaws?id=767362 Payment of the duty forgone and interest under the EPCG amnesty scheme regularised the export obligation default and triggered closure of the defaulted authorisation on issuance of the discharge certificate. On that footing, the Kerala HC held that the liability arising from non-fulfilment of the export obligation stood discharged, and the importer could not be treated as continuing to retain the scheme benefit for the purpose of imposing a further monetary penalty in lieu of confiscation. The penalty under Section 112(a) of the Customs Act, 1962 was therefore not recoverable, and the demand for recovery was set aside. en-us Tue, 08 Oct 2024 00:00:00 +0530 Mon, 17 Mar 2025 07:41:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767362 Payment of the duty forgone and interest under the EPCG amnesty scheme regularised the export obligation default and triggered closure of the defaulted authorisation on issuance of the discharge certificate. On that footing, the Kerala HC held that the liability arising from non-fulfilment of the export obligation stood discharged, and the importer could not be treated as continuing to retain the scheme benefit for the purpose of imposing a further monetary penalty in lieu of confiscation. The penalty under Section 112(a) of the Customs Act, 1962 was therefore not recoverable, and the demand for recovery was set aside. Case-Laws Customs Tue, 08 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767362