https://www.taxtmi.com/caselaws?id=263701 The Tribunal allowed the appeals for early hearing and set aside the redemption fine and penalties imposed on the appellants for violating the ITC policy regarding the classification of imported vessels for breaking purposes. The decision was based on the clarification from the Director General of Foreign Trade that surplus fuel stored in vessels for breaking up was classifiable under a specific tariff heading. The goods were found not subject to confiscation under the Customs Act, leading to the disposal of the appeals with consequential relief. en-us Mon, 02 Feb 2015 00:00:00 +0530 Tue, 08 Sep 2015 15:52:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263701 The Tribunal allowed the appeals for early hearing and set aside the redemption fine and penalties imposed on the appellants for violating the ITC policy regarding the classification of imported vessels for breaking purposes. The decision was based on the clarification from the Director General of Foreign Trade that surplus fuel stored in vessels for breaking up was classifiable under a specific tariff heading. The goods were found not subject to confiscation under the Customs Act, leading to the disposal of the appeals with consequential relief. Case-Laws Customs Mon, 02 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263701