https://www.taxtmi.com/caselaws?id=118616 The Tribunal allowed the appeal, setting aside the duty demand of Rs. 75,03,406/- under Sections 28 and 72 of the Customs Act. It held that the imported raw materials used for manufacturing hulls qualified for duty exemption under notification 16/2000-Cus, as the hulls were considered vessels under Customs Tariff Heading 89.06. The Tribunal emphasized the fulfillment of license conditions for exemption eligibility and rejected the Revenue's arguments regarding the license period and intended use of materials. The impugned order was overturned, and the appeal was granted in favor of the appellants. en-us Thu, 24 Aug 2006 00:00:00 +0530 Wed, 04 Jul 2012 15:10:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118616 The Tribunal allowed the appeal, setting aside the duty demand of Rs. 75,03,406/- under Sections 28 and 72 of the Customs Act. It held that the imported raw materials used for manufacturing hulls qualified for duty exemption under notification 16/2000-Cus, as the hulls were considered vessels under Customs Tariff Heading 89.06. The Tribunal emphasized the fulfillment of license conditions for exemption eligibility and rejected the Revenue's arguments regarding the license period and intended use of materials. The impugned order was overturned, and the appeal was granted in favor of the appellants. Case-Laws Customs Thu, 24 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118616