https://www.taxtmi.com/caselaws?id=114253 The Tribunal ruled in favor of the Revenue in the appeal against M/s. Sewa Paper Mills Ltd., finding that the diversion of imported machinery to another company invalidated their eligibility for concessional duty rates under the Project Import Regulations. Emphasizing the requirement for goods to be used for the specific project they were imported for, the Tribunal applied a Supreme Court decision stating that any diversion of goods would result in the loss of duty concessions. The case highlighted the importance of adhering to project contract terms to maintain eligibility for concessional duty benefits. en-us Fri, 30 Jan 2004 00:00:00 +0530 Sat, 02 Jan 2016 10:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114253 The Tribunal ruled in favor of the Revenue in the appeal against M/s. Sewa Paper Mills Ltd., finding that the diversion of imported machinery to another company invalidated their eligibility for concessional duty rates under the Project Import Regulations. Emphasizing the requirement for goods to be used for the specific project they were imported for, the Tribunal applied a Supreme Court decision stating that any diversion of goods would result in the loss of duty concessions. The case highlighted the importance of adhering to project contract terms to maintain eligibility for concessional duty benefits. Case-Laws Customs Fri, 30 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114253