https://www.taxtmi.com/caselaws?id=773496 The HC quashed the penalty order imposed on petitioner for non-fulfillment of export obligation under EPCG licence. The court held that authorities failed to consider petitioner's submissions and non-utilization certificate showing full customs duty was paid without availing licence benefits. The appellate authority's rejection of appeal solely on limitation grounds was set aside. The court established that export obligation under EPCG scheme arises only when licence benefits are actually utilized. Matter was remanded for fresh adjudication on merits, granting petitioner fair opportunity to present evidence regarding non-utilization of the licence. en-us Wed, 11 Jun 2025 00:00:00 +0530 Tue, 24 Jun 2025 08:25:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773496 The HC quashed the penalty order imposed on petitioner for non-fulfillment of export obligation under EPCG licence. The court held that authorities failed to consider petitioner's submissions and non-utilization certificate showing full customs duty was paid without availing licence benefits. The appellate authority's rejection of appeal solely on limitation grounds was set aside. The court established that export obligation under EPCG scheme arises only when licence benefits are actually utilized. Matter was remanded for fresh adjudication on merits, granting petitioner fair opportunity to present evidence regarding non-utilization of the licence. Case-Laws Customs Wed, 11 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773496