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TMI Blog2010 (8) TMI 265X X X X Extracts X X X X X X X X Extracts X X X X ..... ttee and any further communication to be issued by the Zonal Joint DGFT - C/202-204/2009 - 852-854/2010 - Dated:- 6-8-2010 - Dr. Chittaranjan Satapathy, Member (T) REPRESENTED BY : Shri C. Dhanasekaran, SDR, for the Appellant. Shri K.S. Venkatagiri, Advocate, for the Respondent. [Order]. - Heard both sides. The respondents obtained two EPGG licenses for import of capital ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of export from one licence to another is permissible under the Exim Policy in force. The respondents have approached the DGFT authorities and the matter appears to have been considered by the EPCG Committee held on 3-6-2010 as reflected in the letter dated 21-6-2010 issued by the Foreign Trade Development Officer to the respondents, a copy of which has been submitted by the learned counsel for th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Committee noted that the export product is same in all the three licences. The export obligation period is also concurrent. The firm would be able to regularize the subject licences if the shipping bills contained in Annexure-II of the Agenda are allowed for adjustment from one licence to another. The Committee also noted that there is no loss to the exchequer on this account. In view of this, t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... FT based on such Minutes. It is ordered accordingly. The impugned orders are set aside and the matter is remanded to the original authority for fresh orders. He shall give adequate opportunity of hearing to the respondents before passing a fresh order. 3.The three cross-objections filed by the respondents also stand disposed of accordingly. (Dictated and pronounced in open court) - - TaxTMI ..... X X X X Extracts X X X X X X X X Extracts X X X X
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