Appellant's Failure to Export on Time Under EPCG Scheme Leads to Confiscation and Fine for Breach of Conditions.

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....EPCG Scheme - appellant failed to export containers within the stipulated time period and applied for extension of time - The exemption notifications require strict interpretation and therefore, the Appellant is in gross violation of the conditions of the exemption notification. - Valuation, confiscation and amount of redemption fine upheld - AT....