Appeal dismissed; exemption under Notification No.50/2017 (Sl. No.512) upheld for inputs used to make lithium-ion batteries and power banks SC dismissed the appeal and upheld the CESTAT order of 18.10.2024, holding there is no reason to interfere. The tribunal found that inputs imported under ...
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Appeal dismissed; exemption under Notification No.50/2017 (Sl. No.512) upheld for inputs used to make lithium-ion batteries and power banks
SC dismissed the appeal and upheld the CESTAT order of 18.10.2024, holding there is no reason to interfere. The tribunal found that inputs imported under Notification No. 50/2017 (Sl. No. 512) at concessional/exempted customs duty were utilized to manufacture lithium-ion batteries (accumulators), which were then captively used to produce power banks, thereby justifying the exemption claim. The impugned order granting the exemption is affirmed and the appeal is dismissed.
Supreme Court (citation: TMI) recorded that "Delay condoned." The Court stated that it "find[s] no good reason to interfere with the impugned order dated 18.10.2024 passed by the Customs, Excise and Service Tax Appellate Tribunal, New Delhi," applying the standard that absent sufficient grounds an appellate court will not disturb a tribunal's decision. Consequentially, "The appeal is, accordingly, dismissed." All pending application(s) stand disposed of. The disposition reflects a routine appellate review limited to assessing whether interference with the tribunal's findings was warranted; none was found.
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