https://www.taxtmi.com/caselaws?id=770765 The Tribunal examined an EPCG Authorization case involving export obligation defaults. After analyzing the Amnesty Scheme's provisions, the court ruled that full payment of customs duty and interest under the scheme effectively regularizes the default. Consequently, the penalty under section 112(a) of the Customs Act was set aside, as the appellant had discharged the entire liability through the regularization mechanism. The decision reinforces the principle that complete duty payment negates penalty imposition. en-us Tue, 06 May 2025 00:00:00 +0530 Fri, 16 May 2025 08:40:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770765 The Tribunal examined an EPCG Authorization case involving export obligation defaults. After analyzing the Amnesty Scheme's provisions, the court ruled that full payment of customs duty and interest under the scheme effectively regularizes the default. Consequently, the penalty under section 112(a) of the Customs Act was set aside, as the appellant had discharged the entire liability through the regularization mechanism. The decision reinforces the principle that complete duty payment negates penalty imposition. Case-Laws Customs Tue, 06 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770765