https://www.taxtmi.com/caselaws?id=770952 CESTAT Ahmedabad dismissed the appeal of a 100% EOU that failed to achieve positive Net Foreign Exchange earnings during 2010-15. The appellant violated conditions of Notifications 22/2003-CE and 52/2003-Cus by procuring goods without duty payment while failing export obligations. The tribunal rejected arguments that bond furnishing satisfied notification conditions and that duty recovery required LOP cancellation. Extended limitation period was validly invoked despite regular return submissions. Subsequent positive NFE achievement for 2016-19 was irrelevant to violations during 2010-15. Central Excise duty demand of Rs. 6,93,932 and Customs duty of Rs. 42,576 with interest and penalty was upheld. en-us Fri, 16 May 2025 00:00:00 +0530 Mon, 19 May 2025 08:37:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770952 CESTAT Ahmedabad dismissed the appeal of a 100% EOU that failed to achieve positive Net Foreign Exchange earnings during 2010-15. The appellant violated conditions of Notifications 22/2003-CE and 52/2003-Cus by procuring goods without duty payment while failing export obligations. The tribunal rejected arguments that bond furnishing satisfied notification conditions and that duty recovery required LOP cancellation. Extended limitation period was validly invoked despite regular return submissions. Subsequent positive NFE achievement for 2016-19 was irrelevant to violations during 2010-15. Central Excise duty demand of Rs. 6,93,932 and Customs duty of Rs. 42,576 with interest and penalty was upheld. Case-Laws Central Excise Fri, 16 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770952