Differential duty paid on expiry of export obligation period hence no violation of condition of advance license

Namco Industries Pvt. Ltd. Vs Commissioner of Customs (Exp.) (CESTAT Mumbai) CESTAT Mumbai held that as differential duty was paid with interest on expiry of export obligation period, there is no violation of the conditions of Advance License under Notification no. 96/2009-Cus. dated 11.09.2009 and hence redemption fine and penalty set aside. Facts- The appellants are engaged in manufacture of flat rolled products of iron or non-alloy steel falling under Chapter 72 of the Schedule to the Central Excise Tariff. They had obtained an Advance Authorization/license for import of goods at concession...