https://www.taxtmi.com/caselaws?id=269175 The Supreme Court upheld the decision of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) in a case involving the classification of a barge and diving equipment under the Customs Act, 1962. The Court found that the diving equipment welded onto the barge was considered as part of 'Stores' under the Act, exempting it from duty payment. The appeal by the Department was dismissed, emphasizing that the diving equipment's usage in the vessel was crucial, irrespective of ownership boundaries. The Court left open the question of the diving equipment's classification as 'Stores' for future consideration. en-us Wed, 04 Nov 2015 00:00:00 +0530 Sat, 09 Jan 2016 10:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269175 The Supreme Court upheld the decision of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) in a case involving the classification of a barge and diving equipment under the Customs Act, 1962. The Court found that the diving equipment welded onto the barge was considered as part of 'Stores' under the Act, exempting it from duty payment. The appeal by the Department was dismissed, emphasizing that the diving equipment's usage in the vessel was crucial, irrespective of ownership boundaries. The Court left open the question of the diving equipment's classification as 'Stores' for future consideration. Case-Laws Customs Wed, 04 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269175