Specialized Investment Fund distribution now requires dedicated certification, while transitional recognition preserves existing qualified distributor...
Overlapping GST proceedings require Central and State authorities to designate one competent authority for coordinated adjudication of the same matter...
Composite healthcare supplies retain exemption when patient care is the contract's essential character, despite payment through an implementing agency...
Receipt of immovable property requires actual possession or enjoyment; redevelopment allotments exchanged for tenancy rights fall outside deemed incom...
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The CESTAT held that the customs authorities lacked the legal authority to impose duty liability or confiscate the salvage equipment imported for the MSC Chitra incident. The Customs Act, 1962 provisions for duty assessment and levy are subject to maritime laws governing transit of vessels in distress. As the imported goods were used for salvaging the foreign-going vessel under customs approval, invoking Sections 28, 111(n), 111(o), 114A, and 114AA of the Customs Act to demand duty, confiscation, and penalties was without merit. Consequently, the appeals were allowed, and the impugned orders were set aside.
The CESTAT held that the customs authorities lacked the legal authority to impose duty liability or confiscate the salvage equipment imported for the MSC Chitra incident. The Customs Act, 1962 provisions for duty assessment and levy are subject to maritime laws governing transit of vessels in distress. As the imported goods were used for salvaging the foreign-going vessel under customs approval, invoking Sections 28, 111(n), 111(o), 114A, and 114AA of the Customs Act to demand duty, confiscation, and penalties was without merit. Consequently, the appeals were allowed, and the impugned orders were set aside.
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