https://www.taxtmi.com/caselaws?id=263732 The court accepted the petitioners' undertakings and directed them to execute a bond of 100% of the value of the ship/rig within three weeks. The petitioners were allowed to deploy the drill ships/rigs per ONGC's requirements and written instructions. The court clarified that these directions were without prejudice to the rights and contentions of both parties and permitted Customs to initiate proceedings if desired. The writ petitions were disposed of, referencing a Supreme Court judgment to guide the interpretation of exemption notifications. en-us Mon, 03 Aug 2015 00:00:00 +0530 Wed, 09 Sep 2015 08:47:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263732 The court accepted the petitioners' undertakings and directed them to execute a bond of 100% of the value of the ship/rig within three weeks. The petitioners were allowed to deploy the drill ships/rigs per ONGC's requirements and written instructions. The court clarified that these directions were without prejudice to the rights and contentions of both parties and permitted Customs to initiate proceedings if desired. The writ petitions were disposed of, referencing a Supreme Court judgment to guide the interpretation of exemption notifications. Case-Laws Customs Mon, 03 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263732