2010 (8) TMI 265

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....R, for the Appellant. Shri K.S. Venkatagiri, Advocate, for the Respondent. [Order]. - Heard both sides. The respondents obtained two EPGG licenses for import of capital goods duty-free against export obligation to be met within a specified period. It is the case of the Department that while fulfilling the export obligation against two licences the respondents included vendor manufactured ....

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....10 as reflected in the letter dated 21-6-2010 issued by the Foreign Trade Development Officer to the respondents, a copy of which has been submitted by the learned counsel for the respondents. The Minutes of the EPCG Committee reproduced in the said letter is as follows : "Shri Preetam Singh, Taxation Manager, Ford India Limited appeared before the Committee and made submissions that die need f....

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....exure-II of the Agenda are allowed for adjustment from one licence to another. The Committee also noted that there is no loss to the exchequer on this account. In view of this, the Committee decided to allow adjustment of exports from EPCG licence No. 01500681 dated 26-12-1997 and EPCG licence No. 0430000397 dated 1-8-2001 to EPCG licence No. 01500733 dated 17-12-1998 as per details in Annexure....