https://www.taxtmi.com/caselaws?id=348169 Remnant aviation turbine fuel left in an aircraft tank after an international flight was held not to attract notional freight under Rule 10(2), because it was not transported as cargo and no separate freight element was shown for fuel remaining in the propulsion system; the appellant's valuation based on the purchase price of identical fuel was upheld. Penalty under Section 112 of the Customs Act, 1962 was also found unsustainable, as the record showed regular filing of flight-wise particulars and reconciliation of fuel quantities, with no suppression or wilful misstatement and no precise statutory limb identified. The impugned order was set aside and the appeal was allowed. en-us Wed, 23 Aug 2017 00:00:00 +0530 Tue, 01 May 2018 13:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348169 Remnant aviation turbine fuel left in an aircraft tank after an international flight was held not to attract notional freight under Rule 10(2), because it was not transported as cargo and no separate freight element was shown for fuel remaining in the propulsion system; the appellant's valuation based on the purchase price of identical fuel was upheld. Penalty under Section 112 of the Customs Act, 1962 was also found unsustainable, as the record showed regular filing of flight-wise particulars and reconciliation of fuel quantities, with no suppression or wilful misstatement and no precise statutory limb identified. The impugned order was set aside and the appeal was allowed. Case-Laws Customs Wed, 23 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348169