Home
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2009 (3) TMI 102 - CESTAT, NEW DELHIUnder a licence granted to the appellants under EPCG scheme, they were liable to import capital goods for a minimum value of Rs. 20 crores within the validity period of licence - non fulfillment of condition due to financial constraints even in extended period of licence - held that mere financial constraints cannot be a justification for exemption from the condition - impugned order directing confiscation, justified - impugned order not considered mitigating factors and also has failed to consider bona fide on the part of appellant in making efforts to comply with the obligation under the licence - matter remanded to consider rate of interest, penalty and fine
|