https://www.taxtmi.com/caselaws?id=4202 The Supreme Court upheld the validity of exemption notification No.11/97-Cus and classified the imported crane as a mobile crane under Heading 84.26, granting the benefit of the exemption. The Court also agreed with the valuation of the crane at US $34,84,500 (CIF) provided by the respondent, dismissing the appeal and emphasizing the exemption's purpose for setting up crude petroleum refineries. The customs authorities' valuation was deemed unjustified, and costs were assessed at Rs.50,000/-. en-us Fri, 16 May 2008 00:00:00 +0530 Sat, 30 Nov 2013 15:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4202 The Supreme Court upheld the validity of exemption notification No.11/97-Cus and classified the imported crane as a mobile crane under Heading 84.26, granting the benefit of the exemption. The Court also agreed with the valuation of the crane at US $34,84,500 (CIF) provided by the respondent, dismissing the appeal and emphasizing the exemption's purpose for setting up crude petroleum refineries. The customs authorities' valuation was deemed unjustified, and costs were assessed at Rs.50,000/-. Case-Laws Customs Fri, 16 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4202