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2015 (2) TMI 461 - AT - CustomsFailure to discharge the export obligation enumerated in notification No 28/97 - Held that:- As per the Export and Import Policy, the licensing authority is authorised to extend the period to fulfilment of conditions for a certain period. It is seen from the order of the Commissioner (Appeals) that the appellant admitted that they have exported the goods worth of only ₹ 50.68 lacs, which is not more than 5% as per licence. We find that the applicant failed to fulfil export obligations. The appellant in their appeal contended that they have fulfilled the export obligation partly. Even though, there was a short fall of fulfilment of the export obligation. It appears that this fact was not placed before the lower authorities. - Decided against the assessee.
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