Non-Fulfilment of Export Obligation Not an Irregularity when Amnesty Scheme Silent on Penalty: CESTAT [Read Order]
since the amnesty plan as a whole makes no mention of penalties, it is possible that any infraction pertaining to the failure to fulfill an export obligation is not considered irregular
The New Delhi bench of the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) has ruled that failure to fulfill export obligations under an Export Promotion Capital Goods ( EPCG ) license cannot be regarded as an irregularity if the amnesty plan does not call for payment of any penalties. Read More: ITAT…
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