2006 (6) TMI 56

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....issioner, Revenue has preferred the present appeal. 2. As per facts on record respondents obtained EPCG licence for import of capital goods with an obligation to export the final product within a period of 5 years. The capital goods were imported at concessional rate of duty and the respondents fulfilled the export obligation for the first three years. However, subsequently they were not in a p....

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....dicated by the Commissioner wherein he confirms proportionate duty of Customs to the extent of Rs. 2,65,80,178/- and interest amounting to Rs. 49,58,817/- by giving proportionate benefit of export obligation. The said order of Commissioner is impugned before us. 4. There is no dispute on facts. The respondents have admittedly fulfilled the export obligation for the 2nd and 3rd year of import wh....

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...."The appellants have claimed that they have made some exports and hence, the duty demands on imported LAM Coke should be proportionately reduced. We find that the relevant Notification No. 30/97, dated 14-97 makes no such concession. It requires export obligation in full. This is settled law that notifications must be strictly interpreted. However, we find that in the case of another export promot....