https://www.taxtmi.com/caselaws?id=771750 CESTAT Chennai dismissed the primary appeal regarding customs duty demand on a firm that failed to fulfill export obligations under the Advance Licensing Scheme within the prescribed timeframe. The tribunal held that accepting late fulfillment of export obligations would render the duty-free import scheme redundant and defeat its legislative purpose. However, CESTAT allowed appeals by the firm's Managing Director and Senior Manager, setting aside penalties imposed under Section 112(a) as no evidence established their personal involvement in non-fulfillment of export obligations or failure to obtain Export Obligation Discharge Certificate from DGFT. en-us Thu, 29 May 2025 00:00:00 +0530 Fri, 30 May 2025 08:55:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771750 CESTAT Chennai dismissed the primary appeal regarding customs duty demand on a firm that failed to fulfill export obligations under the Advance Licensing Scheme within the prescribed timeframe. The tribunal held that accepting late fulfillment of export obligations would render the duty-free import scheme redundant and defeat its legislative purpose. However, CESTAT allowed appeals by the firm's Managing Director and Senior Manager, setting aside penalties imposed under Section 112(a) as no evidence established their personal involvement in non-fulfillment of export obligations or failure to obtain Export Obligation Discharge Certificate from DGFT. Case-Laws Customs Thu, 29 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771750