SEZ developer need to refund concessions as per Rule 25 for not utilizing goods or services

Quarkcity India (Pvt.) Ltd. Vs Union of India and others (Punjab And Haryana High Court) Punjab and Haryana High Court held that in terms of Rule 25 of the SEZ Rules, SEZ developer not utilizing the goods or services on which exemptions, drawbacks, cess and concession have been availed needs to refund the concessions so availed. Facts- Vide the present petition, the petitioner has contested against the action of the respondents in levy of duty of Rs.47 lacs upon the petitioner company inconsonance with the minutes of meeting held on 22.5.2015 and further for quashing of the order dated 18.8.20...