https://www.taxtmi.com/caselaws?id=52914 The Tribunal ruled in favor of the appellant in a case involving failure to meet export obligations under an EPCG License and a dispute over the valuation of imported machinery. The Tribunal held that once the Directorate General of Foreign Trade confirmed the fulfillment of export obligations, no further duty demands or penalties should be imposed. Additionally, the Tribunal emphasized that customs authorities should not interfere with the valuation approved under the EPCG license and set aside the order, criticizing the unnecessary nature of the proceedings and highlighting the importance of clear delineation of authority between DGFT and Customs to prevent harm to business confidence. en-us Mon, 14 Jun 2004 00:00:00 +0530 Fri, 08 Oct 2010 14:12:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52914 The Tribunal ruled in favor of the appellant in a case involving failure to meet export obligations under an EPCG License and a dispute over the valuation of imported machinery. The Tribunal held that once the Directorate General of Foreign Trade confirmed the fulfillment of export obligations, no further duty demands or penalties should be imposed. Additionally, the Tribunal emphasized that customs authorities should not interfere with the valuation approved under the EPCG license and set aside the order, criticizing the unnecessary nature of the proceedings and highlighting the importance of clear delineation of authority between DGFT and Customs to prevent harm to business confidence. Case-Laws Customs Mon, 14 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52914