Rescission of customs exemption ends concessional import relief for research institutes and universities, restoring ordinary customs liability. Rescission of a prior customs exemption notification withdraws concessional treatment for specified imports by research institutes and universities. The Central Government, under section 25(1) of the Customs Act, 1962, has repealed the earlier Department of Revenue notification, declaring the repeal effective from the notified commencement date and terminating the exemption regime applicable to those institutions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Rescission of customs exemption ends concessional import relief for research institutes and universities, restoring ordinary customs liability.
Rescission of a prior customs exemption notification withdraws concessional treatment for specified imports by research institutes and universities. The Central Government, under section 25(1) of the Customs Act, 1962, has repealed the earlier Department of Revenue notification, declaring the repeal effective from the notified commencement date and terminating the exemption regime applicable to those institutions.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
