Case Law Details
Case Name : Prince Spintex Pvt. Ltd. Vs Union of India (Gujarat High Court)
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All High Courts 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. Sin
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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