https://www.taxtmi.com/caselaws?id=119620 Ship stores supplied to a chartered vessel were treated as eligible for duty-free clearance under Section 54(2) of the Customs Act where contemporaneous evidence, including a certificate that the vessel operated in a non-designated area, supported eligibility and no contrary material existed. The alleged misdeclaration of value did not affect entitlement to the exemption because valuation had no bearing on the benefit claimed, and the invoice disclosed the contractual structure and instalment basis, making deliberate suppression difficult to infer. On that reasoning, the challenge to denial of exemption and invocation of the extended period failed, and the impugned order was set aside. en-us Mon, 24 Apr 2006 00:00:00 +0530 Thu, 12 Jul 2012 12:15:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119620 Ship stores supplied to a chartered vessel were treated as eligible for duty-free clearance under Section 54(2) of the Customs Act where contemporaneous evidence, including a certificate that the vessel operated in a non-designated area, supported eligibility and no contrary material existed. The alleged misdeclaration of value did not affect entitlement to the exemption because valuation had no bearing on the benefit claimed, and the invoice disclosed the contractual structure and instalment basis, making deliberate suppression difficult to infer. On that reasoning, the challenge to denial of exemption and invocation of the extended period failed, and the impugned order was set aside. Case-Laws Central Excise Mon, 24 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119620