https://www.taxtmi.com/caselaws?id=173277 Project import benefit was available where documentation and approvals showed that LNG reception, storage, regasification and Single Point Mooring facilities formed an integral part of an approved power project; concessional customs duty therefore applied to those imports. Under customs valuation rules, only the offshore technical services that operated as engineering, design or other production-related assists for the imported goods were includible in assessable value, while unrelated or purely commercial services were excluded, requiring a moderated apportionment rather than full loading. On the facts recorded, confiscation, redemption fine and penalty were not justified because the services arrangement was within departmental knowledge and provisional assessments had been followed. en-us Thu, 01 Jul 2004 00:00:00 +0530 Thu, 13 Jun 2024 17:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173277 Project import benefit was available where documentation and approvals showed that LNG reception, storage, regasification and Single Point Mooring facilities formed an integral part of an approved power project; concessional customs duty therefore applied to those imports. Under customs valuation rules, only the offshore technical services that operated as engineering, design or other production-related assists for the imported goods were includible in assessable value, while unrelated or purely commercial services were excluded, requiring a moderated apportionment rather than full loading. On the facts recorded, confiscation, redemption fine and penalty were not justified because the services arrangement was within departmental knowledge and provisional assessments had been followed. Case-Laws Customs Thu, 01 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173277