EPCG Authorization Appeals Partially Allowed: Duty Demand Reduced, Penalties Quashed, Limitation Period Challenged

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Full Text of the Document

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....CESTAT partially allowed the appeals concerning EPCG Authorization and customs duty. The tribunal upheld the demand of customs duty with interest for non-fulfillment of exemption notification requirements. However, the tribunal set aside penalties under sections 114A and 112(a)(ii) of the Customs Act, and quashed confiscation orders under sections 111(j) and 111(o). The duty demand of Rs. 18,69,140/- with interest was also set aside, finding no intentional suppression of material facts to evade duty payment. The extended period of limitation was deemed inappropriate, and the commissioner's order was modified accordingly.....