https://www.taxtmi.com/caselaws?id=269620 The Tribunal permitted the appellant to take the vessel out of Indian Territorial waters for 24 months to fulfill the Time Charter Contract with Middle East Marine LLC. The appellant was required to file an undertaking stating the purpose and return the vessel within 24 months from its release. The interest of revenue was safeguarded through the Bond, Bank Guarantee, and the pre-deposit made by the appellant, leading to the decision to allow the sailing of the vessel to UAE for the contract with Middle East Marine LLC. en-us Mon, 05 Jan 2015 00:00:00 +0530 Thu, 17 Dec 2015 22:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269620 The Tribunal permitted the appellant to take the vessel out of Indian Territorial waters for 24 months to fulfill the Time Charter Contract with Middle East Marine LLC. The appellant was required to file an undertaking stating the purpose and return the vessel within 24 months from its release. The interest of revenue was safeguarded through the Bond, Bank Guarantee, and the pre-deposit made by the appellant, leading to the decision to allow the sailing of the vessel to UAE for the contract with Middle East Marine LLC. Case-Laws Customs Mon, 05 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269620