https://www.taxtmi.com/caselaws?id=1323 The Supreme Court allowed the assessee's appeal, overturning the CEGAT's judgment. It ruled that the 6MW Captive Power Plant imported for the fertilizer project expansion qualifies for the nil rate of duty under Serial No. 226(i) of Notification No. 11/97. The Essentiality Certificate issued by the Sponsoring Ministry was considered binding, affirming the Captive Power Plant as an integral component of the fertilizer project. The Court emphasized a liberal interpretation of Heading 98.01 to support industrialization, classifying the power plant under project imports eligible for duty exemption. en-us Thu, 29 Mar 2007 00:00:00 +0530 Mon, 25 Nov 2024 17:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1323 The Supreme Court allowed the assessee's appeal, overturning the CEGAT's judgment. It ruled that the 6MW Captive Power Plant imported for the fertilizer project expansion qualifies for the nil rate of duty under Serial No. 226(i) of Notification No. 11/97. The Essentiality Certificate issued by the Sponsoring Ministry was considered binding, affirming the Captive Power Plant as an integral component of the fertilizer project. The Court emphasized a liberal interpretation of Heading 98.01 to support industrialization, classifying the power plant under project imports eligible for duty exemption. Case-Laws Customs Thu, 29 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1323