https://www.taxtmi.com/caselaws?id=234545 The court determined that the respondent qualified as an "importer" under Section 2(26) of the Customs Act, 1962, as they were the owner of the vessel during the importation process. The legal fiction from Notification No.163/65-Cus deemed the vessel imported for breaking up on the sale date, making the respondent liable for customs duty. The duty rate was based on the date of filing the Bill of Entry. Consequently, the Tribunal's decision was overturned, and the appeal favored the revenue. en-us Thu, 26 Jul 2012 00:00:00 +0530 Mon, 17 Jun 2013 16:51:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234545 The court determined that the respondent qualified as an "importer" under Section 2(26) of the Customs Act, 1962, as they were the owner of the vessel during the importation process. The legal fiction from Notification No.163/65-Cus deemed the vessel imported for breaking up on the sale date, making the respondent liable for customs duty. The duty rate was based on the date of filing the Bill of Entry. Consequently, the Tribunal's decision was overturned, and the appeal favored the revenue. Case-Laws Customs Thu, 26 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234545