Third-Party Exports relied upon by EPCG licence holders for discharge of export obligation were valid under earlier FTP Regime

Alamelu Balaji Spinning Mills Pvt. Ltd. Vs Commissioner of Customs (CESTAT Chennai) Conclusion: Tribunal held that third-party exports relied upon by EPCG licence holders for discharge of export obligation were valid under the FTP framework prevailing during the relevant period and that Customs authorities could not disregard subsisting EODCs restored by DGFT in the absence of independently established fraud. Accordingly, denial of EPCG benefits, duty demands, confiscation, redemption fine and penalties were set aside Held: Directorate of Revenue Intelligence conducted investigations against t...