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Customs - Highlights / Catch Notes

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100% EOU - Debonding - Demand of differential duty - Penalty - ...

Case Laws     Customs

March 8, 2024

100% EOU - Debonding - Demand of differential duty - Penalty - EXIM policy - switching over from 100% EOU Scheme to the EPCG Scheme - - The Tribunal found that the appellant was granted permission to exit from the 100% EOU status to the EPCG Scheme but faced delays in receiving the necessary No Objection Certificate (NOC) from the Excise/Customs Department. - It was concluded that the delays in issuing the final debonding order by the Directorate General of Foreign Trade (DGFT) were solely attributable to the Customs/Excise Department.

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