Court Rules Capital Goods Under EPCG Scheme Not Confiscable; Bond Ensures Export Obligations and Duty Payment.

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Full Text of the Document

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....Confiscation of the goods already cleared - Import of certain capital goods under EPCG Scheme - The bond executed by the AMW is not for production of goods but for fulfillment of export obligation and to pay duty in case of failure to fulfill export obligation - The goods cannot be confiscated, even if, the same are liable for confiscation.....