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Bank Guarantee Encashed for Non-Fulfilment of EPCG Conditions; Court Orders Adjudication
Case Law Details
- Case Name
- BELLCO Industries Vs Commissioner of Customs (Madras High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Madras High Court
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BELLCO Industries Vs Commissioner of Customs (Madras High Court)
The petitioner sought a writ to quash the Assistant Commissioner of Customs’ order dated 14.02.2023, which enforced and encashed a bank guarantee related to the import of capital goods under the EPCG Scheme. The petitioner, engaged in manufacturing PET chips and trading aluminium scrap, had imported a bottle crushing machine and accessories under the scheme based on the premise that its products supplied to a merchant exporter were meant for export. As the petitioner failed to fulfil the export obligation, the ...
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