2005 (1) TMI 160

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....ute is about the machinery imported under EPCG licence. The licence was issued in 1998 and the appellants were obliged to make exports according to a schedule till 2004. The impugned order dated 31-12-2003 was passed confiscating the imported machinery demanding duty etc. on the ground that the appellants have not satisfied the schedule of export. It is being pointed out that appellants had repres....

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....he impugned order is premature. The appellants' export obligation is to be fulfilled only by 2006 in the light of revised schedule approved by the Director General of Foreign Trade. The letter dated 23-3-2004 of DGFT states the following about the schedule of export obligation :- "Please refer to your letter dated 5-3-2004 on the subject mentioned above. In this connection, I am to say that you....