https://www.taxtmi.com/caselaws?id=267328 The Supreme Court ruled in favor of the appellant, holding that the imported goods used for construction to manufacture export goods qualified as capital goods under Exemption Notification No. 53/97-Cus. The Court set aside the Show Cause Notice issued beyond the normal limitation period, emphasizing that the extended period applies only if goods are diverted for domestic sales. The duty exemption was deemed applicable to goods used for construction purposes as intended, leading to the overturning of the penalty. The Court concluded by allowing the appeal and overturning the CESTAT's decision on all grounds. en-us Wed, 07 Oct 2015 00:00:00 +0530 Thu, 07 Jan 2016 16:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267328 The Supreme Court ruled in favor of the appellant, holding that the imported goods used for construction to manufacture export goods qualified as capital goods under Exemption Notification No. 53/97-Cus. The Court set aside the Show Cause Notice issued beyond the normal limitation period, emphasizing that the extended period applies only if goods are diverted for domestic sales. The duty exemption was deemed applicable to goods used for construction purposes as intended, leading to the overturning of the penalty. The Court concluded by allowing the appeal and overturning the CESTAT's decision on all grounds. Case-Laws Customs Wed, 07 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267328