https://www.taxtmi.com/caselaws?id=264995 The Appellate Tribunal CESTAT Ahmedabad allowed the appeals filed by the appellants, setting aside the redemption fine and penalties imposed on the importation of vessels for breaking purpose. The Tribunal emphasized the classification of surplus fuel stored in vessels under Heading 89.08 of the Import policy, stating that such imports are free without restrictions. Consequently, the fuel contained in vessels for breaking up cannot be confiscated under the Customs Act, leading to the conclusion that no penalties should be imposed on the appellants. en-us Tue, 28 Apr 2015 00:00:00 +0530 Tue, 08 Sep 2015 16:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264995 The Appellate Tribunal CESTAT Ahmedabad allowed the appeals filed by the appellants, setting aside the redemption fine and penalties imposed on the importation of vessels for breaking purpose. The Tribunal emphasized the classification of surplus fuel stored in vessels under Heading 89.08 of the Import policy, stating that such imports are free without restrictions. Consequently, the fuel contained in vessels for breaking up cannot be confiscated under the Customs Act, leading to the conclusion that no penalties should be imposed on the appellants. Case-Laws Customs Tue, 28 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264995