Home Case Index All Cases Customs Customs + HC Customs - 2010 (1) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2010 (1) TMI 509 - HC - CustomsForfeiture of bank guarantee in case of export – Due to the change of fabric from cotton to rayon - applied for grant of extension of time - it was refused by order on the ground that the confirmation of the submission of the 30% bank guarantee sent by the AEPC, Delhi had to be made available to the Madras office. Since the instructions were unable to be sent by the AEPC, Delhi to its Madras office, the Petitioner was denied the right to ship the garments against the licence granted by the AEPC. Ultimately AEPC forfeited bank guarantee amount- Held that:- the non-release of the quota by the Petitioner could be attributed to the non-grant of time extension to which the Petitioner was otherwise entitled - Petitioner will be refunded the balance of the forfeited EMD in the sum of Rs. 46,627/- together with interest at 12%.
|