2007 (4) TMI 671

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....vance Licence No. 2910000332, dated 29th March, 2000 for a CIF value of ₹ 1,25,00,000/- for import of required inputs for the export product-Handicrafts covered under Standard Input Output Norms as given in Handbook 1997-2002 Vol. 2. The petitioner did not fulfill the export obligation whereupon a notice dated 24th July, 2002 was issued by the Joint Director General of Foreign Trade, Moradab....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....itioner submitted that in the show cause notice dated 24th July, 2002 it was specifically mentioned that the petitioner could have been granted extension upto 31st March, 2003 provided a Bank Guarantee equivalent to the customs duty with 24% interest on unutilized exempt material is furnished. According to him action could have been taken only after 31st March, 2003 and not prior to that date. The....