Home Case Index All Cases Customs Customs + SCH Customs - 2023 (10) TMI SCH This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2023 (10) TMI 832 - SC ORDERDenial of exemption from payment of customs duty - non-fulfilment of export obligation - sale outside the DTA - HELD THAT:- The Court is of the opinion that for the purpose of calculating duty and interest, the respondent-assessee should be given the benefit to the extent of valuation based upon the exports already made (i.e. Rs. 3,89,87,054/)-. The export commitments were fulfilled to this extent is not in dispute. The impugned order is modified. Instead of the depreciated value, a proportion may be duly worked out taking into account the export commitment actually fulfilled by the respondent - assessee while working out the duty liability component payable as well as its liability, towards interest. Appeal allowed in part.
|