https://www.taxtmi.com/caselaws?id=240855 The Tribunal rejected the Revenue's appeal in a case involving a Hundred Percent Export Oriented Unit (EOU) importing High Diesel Oil and claiming exemption under Notification 52/03-Cus. The Tribunal upheld the EOU's position, emphasizing the principle established in the Paras Fab International case. It was held that as the goods were not removed from the customs bonded warehouse and were captively consumed, no duty liability arose, including the additional duty under the Finance Act, 1999. The decision highlighted the consistent application of legal principles and supported the EOU's exemption claim for the imported goods. en-us Thu, 31 May 2012 00:00:00 +0530 Wed, 23 Apr 2014 12:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240855 The Tribunal rejected the Revenue's appeal in a case involving a Hundred Percent Export Oriented Unit (EOU) importing High Diesel Oil and claiming exemption under Notification 52/03-Cus. The Tribunal upheld the EOU's position, emphasizing the principle established in the Paras Fab International case. It was held that as the goods were not removed from the customs bonded warehouse and were captively consumed, no duty liability arose, including the additional duty under the Finance Act, 1999. The decision highlighted the consistent application of legal principles and supported the EOU's exemption claim for the imported goods. Case-Laws Customs Thu, 31 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240855