A DIVISION BENCH OF THE SUPREME COURT HELD THAT THE EXIM POLICY 1997 2002 (EXPORT IMPORT POLICY) PROVIDED THAT A 100% EOU IN FLORICULTURE SECTOR WAS PERMITTED TO SELL 50% OF ITS PRODUCE IN DTA, SUBJECT TO ACHIEVING POSITIVE NET FOREIGN EXCHANGE EARNING OF 20% AND UPON APPROVAL OF THE DEVELOPMENT COMMISSIONER AND FAILURE TO DO SO ENTITLE THE CUSTOM AUTHORITIES TO INVOKE PROVISIONS OF SECTION 28 OF THE CUSTOM ACT 1962.
NAME MOBILE NO. E-MAIL I’D RANJEET KUMAR 8383098478 , 9667769795 rk@courtkutchehry.com JAI THAKUR 8130703334 , 9355723300 jai.thakur@courtkutchehry.com RAJEEV RANJAN 9334553249 rajiv.ranjan@courtkutchehry.com ASHOK MISHRA 9718327746 sales@courtkutchehry.com RAVI KUMAR ravi.singh@courtkutchehry.com M/S. L. R. Brothers Indo Flora Ltd Vs. Commissioner Of Central Excise, (2020) 09 SC CK 0003 A Division Bench of the Supreme Court while dismissing an appeal filed against the final order passed by the Customs, Excise & Service Tax Appellate Tribunal [For short, “CESTAT”] in Customs Appeal No. 9 of 2008, whereby the customs duty levied upon the appellant on the sale of cut flowers within the Domestic Tariff Area [For short, “DTA”] had been confirmed by the Tribunal, held that the Exim Policy 1997 2002 (Export Import Policy) provided that a 100% EOU in floriculture sector was permitted to sell 50%...