https://www.taxtmi.com/caselaws?id=86522 The Appellate Tribunal CEGAT, MADRAS ruled in favor of the revenue department, setting aside the lower authority's decision regarding the benefit of exemption under Notification 56/95 for imported moulds. The Tribunal emphasized that the exemption is limited to moulds produced and used within the same factory, as per legislative intent and budget instructions. It rejected the argument that imported goods are deemed manufactured by the importer under Section 3 of the Customs Tariff Act, clarifying that this provision does not alter exemption criteria. The decision highlighted the strict interpretation of notifications and concluded that the imported moulds did not meet the requirements outlined in the Notification. en-us Wed, 27 Nov 1996 00:00:00 +0530 Thu, 25 Aug 2011 13:26:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86522 The Appellate Tribunal CEGAT, MADRAS ruled in favor of the revenue department, setting aside the lower authority's decision regarding the benefit of exemption under Notification 56/95 for imported moulds. The Tribunal emphasized that the exemption is limited to moulds produced and used within the same factory, as per legislative intent and budget instructions. It rejected the argument that imported goods are deemed manufactured by the importer under Section 3 of the Customs Tariff Act, clarifying that this provision does not alter exemption criteria. The decision highlighted the strict interpretation of notifications and concluded that the imported moulds did not meet the requirements outlined in the Notification. Case-Laws Customs Wed, 27 Nov 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86522