https://www.taxtmi.com/caselaws?id=53032 Import of capital goods under EPCG concessional duty treatment does not justify confiscation, redemption fine, penalties or interest where export obligation could not be fulfilled because of circumstances beyond the importer's control and the duty liability had already been secured before the show cause notice. The text notes that the importer could not establish the industry or complete exports due to the collapse of the Korean economy, loss of foreign collaborator support and market competition, and that the department's dues were covered through bank guarantee encashment and TR-6 challan before adjudication. In the cited line of authorities, those facts were treated as sufficient to deny confiscation and consequential monetary consequences. en-us Tue, 13 Jul 2004 00:00:00 +0530 Sat, 09 Oct 2010 11:43:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53032 Import of capital goods under EPCG concessional duty treatment does not justify confiscation, redemption fine, penalties or interest where export obligation could not be fulfilled because of circumstances beyond the importer's control and the duty liability had already been secured before the show cause notice. The text notes that the importer could not establish the industry or complete exports due to the collapse of the Korean economy, loss of foreign collaborator support and market competition, and that the department's dues were covered through bank guarantee encashment and TR-6 challan before adjudication. In the cited line of authorities, those facts were treated as sufficient to deny confiscation and consequential monetary consequences. Case-Laws Customs Tue, 13 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53032