https://www.taxtmi.com/caselaws?id=215370 The Court ruled in favor of the Petitioners regarding the seizure of vessel Seamec II by the Directorate of Revenue Intelligence. The Court allowed the Petitioners to utilize the Served from India Scheme credit for duty payment and exempted the vessel's original value from duty payment. The Court modified the conditions for provisional release, requiring the Petitioners to pay duty provisionally and submit a reduced Bank Guarantee. The Court disposed of the Petition, ensuring the interests of both parties pending final adjudication. en-us Wed, 11 Jan 2012 00:00:00 +0530 Tue, 24 Jul 2012 11:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215370 The Court ruled in favor of the Petitioners regarding the seizure of vessel Seamec II by the Directorate of Revenue Intelligence. The Court allowed the Petitioners to utilize the Served from India Scheme credit for duty payment and exempted the vessel's original value from duty payment. The Court modified the conditions for provisional release, requiring the Petitioners to pay duty provisionally and submit a reduced Bank Guarantee. The Court disposed of the Petition, ensuring the interests of both parties pending final adjudication. Case-Laws Customs Wed, 11 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215370