https://www.taxtmi.com/caselaws?id=116431 The Tribunal allowed the appeal filed by the ship breakers, setting aside the Commissioner (Appeals)'s order directing the payment of customs duty on the vessel "Vishwa Karuna." Relying on a previous Tribunal decision and the High Court's non-interference in a similar case, the Tribunal held that duty cannot be imposed on a ship built in a Bonded Warehouse and subsequently sold for breaking. The Tribunal found the Commissioner (Appeals)'s order unsustainable based on the values declared in the Bill of Entry, ultimately ruling in favor of the ship breakers. en-us Wed, 23 Feb 2005 00:00:00 +0530 Tue, 12 Jun 2012 15:15:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116431 The Tribunal allowed the appeal filed by the ship breakers, setting aside the Commissioner (Appeals)'s order directing the payment of customs duty on the vessel "Vishwa Karuna." Relying on a previous Tribunal decision and the High Court's non-interference in a similar case, the Tribunal held that duty cannot be imposed on a ship built in a Bonded Warehouse and subsequently sold for breaking. The Tribunal found the Commissioner (Appeals)'s order unsustainable based on the values declared in the Bill of Entry, ultimately ruling in favor of the ship breakers. Case-Laws Customs Wed, 23 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116431