Managing Director penalized u/s 112 of Customs Act for car import under EPCG Scheme, DGFT holds exclusive jurisdiction.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Penalty u/s 112 of CA on Managing Director - Import of car under EPCG Scheme - The evolution of the scheme beyond physical exports is within the purview, and only, of the Director General of Foreign Trade (DGFT). It is not open to customs authorities to contend that, sans the empowerment, powers not existing, the license itself was issued on the basis of fraudulent submissions.....