https://www.taxtmi.com/caselaws?id=78396 The Court ruled in favor of the assessee on the interpretation of the amended Section 68 of the Customs Act, 1962, allowing for its prospective application to ongoing cases. However, the Court sided with the Revenue on the application of the proviso to Section 68, specifying that exemption could only be claimed on duty payable by relinquishing title to goods. The appeal was dismissed, and the matter was remitted to the Assessing Officer for the computation of interest, penalty, and other charges in accordance with the proviso to Section 68. en-us Thu, 18 Mar 2010 00:00:00 +0530 Mon, 15 Nov 2010 11:30:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78396 The Court ruled in favor of the assessee on the interpretation of the amended Section 68 of the Customs Act, 1962, allowing for its prospective application to ongoing cases. However, the Court sided with the Revenue on the application of the proviso to Section 68, specifying that exemption could only be claimed on duty payable by relinquishing title to goods. The appeal was dismissed, and the matter was remitted to the Assessing Officer for the computation of interest, penalty, and other charges in accordance with the proviso to Section 68. Case-Laws Customs Thu, 18 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78396