https://www.taxtmi.com/caselaws?id=88561 The Tribunal declined to stay the operation of the Commissioner (Appeals) order regarding the assessment of Customs duty on a ship purchased for breaking up into scrap. It held that the ship, built in India, was exempt from duty under Notification 118/59. The Tribunal rejected the argument that the ship lost its character as an ocean-going vessel when imported for breaking up, distinguishing between different notifications governing duty exemptions for vessels. As a significant portion of the ship had already been broken into scrap and cleared, the Tribunal found the application for stay impractical and dismissed it. en-us Thu, 05 Mar 1998 00:00:00 +0530 Mon, 19 Sep 2011 16:43:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88561 The Tribunal declined to stay the operation of the Commissioner (Appeals) order regarding the assessment of Customs duty on a ship purchased for breaking up into scrap. It held that the ship, built in India, was exempt from duty under Notification 118/59. The Tribunal rejected the argument that the ship lost its character as an ocean-going vessel when imported for breaking up, distinguishing between different notifications governing duty exemptions for vessels. As a significant portion of the ship had already been broken into scrap and cleared, the Tribunal found the application for stay impractical and dismissed it. Case-Laws Customs Thu, 05 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88561