https://www.taxtmi.com/caselaws?id=339838 The High Court upheld the tribunal's decision in favor of the assessee regarding the liability of customs duty on the import of Bakery Shortening. The court ruled that relief was allowed under notifications predating the import date, and the goods had been imported under a letter of credit issued before the relevant date. Consequently, the court also found in favor of the assessee on the eligibility for exemption under Notification No. 26/2000-CUS, despite the goods not being imported by NAFED. The court dismissed the appeal, affirming the relief granted to the assessee based on the specific circumstances and legal provisions. en-us Thu, 09 Feb 2017 00:00:00 +0530 Fri, 09 Sep 2022 15:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339838 The High Court upheld the tribunal's decision in favor of the assessee regarding the liability of customs duty on the import of Bakery Shortening. The court ruled that relief was allowed under notifications predating the import date, and the goods had been imported under a letter of credit issued before the relevant date. Consequently, the court also found in favor of the assessee on the eligibility for exemption under Notification No. 26/2000-CUS, despite the goods not being imported by NAFED. The court dismissed the appeal, affirming the relief granted to the assessee based on the specific circumstances and legal provisions. Case-Laws Customs Thu, 09 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339838