https://www.taxtmi.com/caselaws?id=109901 CESTAT, Mumbai held that fitting GMDSS and EPIRB equipment on ships to satisfy mandatory maritime safety rules constituted "repair" because the work restored the vessels to a lawful and seaworthy operating condition, making the goods eligible for exemption under Notification 23/98. It further found that the extended limitation period could not be invoked, as the record did not establish conscious suppression, wilful misstatement, or any deliberate misdescription showing knowledge that the exemption was unavailable. The demand and penalty were therefore unsustainable. en-us Tue, 01 Jul 2003 00:00:00 +0530 Tue, 16 Jul 2024 18:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109901 CESTAT, Mumbai held that fitting GMDSS and EPIRB equipment on ships to satisfy mandatory maritime safety rules constituted "repair" because the work restored the vessels to a lawful and seaworthy operating condition, making the goods eligible for exemption under Notification 23/98. It further found that the extended limitation period could not be invoked, as the record did not establish conscious suppression, wilful misstatement, or any deliberate misdescription showing knowledge that the exemption was unavailable. The demand and penalty were therefore unsustainable. Case-Laws Customs Tue, 01 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109901