TMI Blog2014 (11) TMI 70X X X X Extracts X X X X X X X X Extracts X X X X ..... elf is extended, naturally it would amount to postponement of export obligation also. Having regard to all these circumstances, in our opinion, the order passed by the original authority has to be set aside and original authority has to be directed to wait for the extension period granted for installation to be over for initiating further action. - matter remanded back - Decided in favour of asses ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ,000/- in lieu of confiscation and penalty of ₹ 20,00,000/- has also been imposed. 2. The learned Consultant for the appellant submits that appellants have been granted extension of time for installation of Plant and Machinery up to 30th August 2014. He submits a copy of the letter issued by the DGFT granting extension of time. 3. The learned A.R. vehemently opposes the submission and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ted by the Customs Authorities. Further in the EPCG Committee Meeting where a decision is taken for extension of time, Customs Representative would also be there. If the installation period itself is extended, naturally it would amount to postponement of export obligation also. Having regard to all these circumstances, in our opinion, the order passed by the original authority has to be set aside ..... X X X X Extracts X X X X X X X X Extracts X X X X
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