https://www.taxtmi.com/caselaws?id=797277 Failure to fulfil an EPCG export obligation requires payment of proportionate customs duty and interest under the exemption conditions, even where imported machinery was destroyed by floods, unless a waiver is obtained from the prescribed committee or licensing authority. Installation of the machinery and destruction beyond the importer's control do not displace this fiscal liability. However, flood-related non-fulfilment does not justify confiscation, redemption fine or penalty where the machinery had been installed and was subsequently damaged beyond repair. The duty and interest demand remains enforceable, while confiscatory and penal consequences are removed. en-us Mon, 17 Aug 2026 00:00:00 +0530 Thu, 20 Aug 2026 08:14:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797277 Failure to fulfil an EPCG export obligation requires payment of proportionate customs duty and interest under the exemption conditions, even where imported machinery was destroyed by floods, unless a waiver is obtained from the prescribed committee or licensing authority. Installation of the machinery and destruction beyond the importer's control do not displace this fiscal liability. However, flood-related non-fulfilment does not justify confiscation, redemption fine or penalty where the machinery had been installed and was subsequently damaged beyond repair. The duty and interest demand remains enforceable, while confiscatory and penal consequences are removed. Case-Laws Customs Mon, 17 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797277