Failure to furnish BOE cannot be sole basis to deny export entitlements

Holoflex Ltd & Anr Vs Union of India & Ors (Delhi High Court) Delhi High Court held that it would be unreasonable to deny Export Promotion Capital Goods [EPCG] benefit merely because of non-submission of Bills of Export [BOE] as proof of discharge of export obligation since there was collateral evidence of discharge of export obligation. Facts- On 27 January 2005, Holoflex was issued a license under the EPCG Scheme which permitted Holoflex to import, duty free, capital goods valued at ₹ 2,17,317.25 against corresponding export obligation of ₹ 17,38,538. The export obligation was r...