Case Law Details
Case Name : Prince Spintex Pvt. Ltd. Vs Union of India (Gujarat High Court)
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Prince Spintex Pvt. Ltd. Vs Union of India (Gujarat High Court)
Chapter 5 of the Foreign Trade Policy, 2015-2020 makes provision for the EPCG Scheme, which is an incentive scheme. The incentive given is that the importer holding a valid authorisation for capital goods covered under the EPCG Scheme would be exempted from payment of customs duty and additional duty under section 3 of the Customs Tariff Act, and correspondingly, the importer would be obliged to fulfill export obligation to the extent provided in the Scheme. Since exemption from payment of customs duty and additional duty can only...
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Dear Sir,
We have received TWO EPCG license in the year 2013 after that 2019 we have extended another 2 years valid up to 2021 and till date EO not completed. Now we are ready to pay duty amount with interest. Is this possible to reduce the Interest amount (Note : Interest Value is exceeded the duty value).
If any clarification please call 8754493478