EPCG Export Obligation Shortfall Does Not Automatically Attract Penal Consequences: CESTAT Chennai

Jothi Art Calendars Vs Commissioner of Customs (CESTAT Chennai) The appeal challenged Order-in-Appeal No. 71/2016-UN (CUS) dated 02.06.2016 passed by the Commissioner of Customs (Appeals-II), Trichy. The appellant had imported a Mitsubishi Sheet Fed Offset Printing Press under the EPCG Scheme through Bill of Entry No. 422779 dated 31.10.2007 by availing concessional customs duty. Under the EPCG Scheme and Notification No. 97/2004-Cus dated 17.09.2004, the appellant was required to fulfil an export obligation equivalent to eight times the duty saved, with 50% of the obligation to be completed d...